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FX.co ★ Indicator analysis. EUR/USD daily review on January 14, 2022

Indicator analysis. EUR/USD daily review on January 14, 2022

Trend analysis (Fig. 1)

EUR/USD is likely to rally on Friday, from 1.1453 (closing of yesterday's daily candle) to 1.1498, which is the 61.8% retracement level (blue dashed line). After that it will go to the 14.6% retracement level at 1.1438 (red dotted line).

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Indicator analysis. EUR/USD daily review on January 14, 2022

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: EUR/USD will move up from 1.1453 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1498 (blue dashed line). Then, it will go to 1.1438, which is the 14.6% retracement level (red dotted line).

Alternatively, the pair could move from 1.1453 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1498 (blue dashed line), then climb further to 1.1572, which is the 76.4% retracement level (blue dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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