FX.co ★ Indicator analysis: Daily review of EUR/USD on June 24, 2022

Trend analysis (Fig. 1).

The market may move upward from 1.0521 (close of yesterday's daily candle) to 1.0573, the 50% retracement level (yellow dotted line). After testing this level, the price may move down to the upper fractal at 1.0567 (daily candle from 06/22/2022). Upon reaching this level, a downward pullback is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – up;
• Fibonacci levels – up;
• Volumes – down;
• Candlestick analysis – up;
• Trend analysis – up;
• Bollinger bands – up;
• Weekly chart – up.

General conclusion:

Today the price may move upward from 1.0521 (close of yesterday's daily candle) to 1.0573, the 50% retracement level (yellow dotted line). After testing this level, the price may move down to the upper fractal at 1.0567 (daily candle from 06/22/2022). Upon reaching this level, a downward pullback is possible.

Alternative scenario: from the level of 1.0521 (close of yesterday's daily candle), the price may move upward to 1.0573, the 50% retracement level (yellow dotted line). After testing this level, a downward movement is possible with the target of 1.0545, the 23.6% retracement level (red dotted line). Upon reaching this level, the price may move up.