FX.co ★ Indicator analysis: Daily review of EUR/USD on November 15, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0325 (close of yesterday's daily candle) to the upper fractal at 1.0364 (yellow dotted line). Upon reaching this level, continued upward movement is possible to 1.0425, the upper limit of the Bollinger band indicator (black dotted line). When testing this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0325 (close of yesterday's daily candle) to the upper fractal at 1.0364 (yellow dotted line). Upon reaching this level, continued upward movement is possible to 1.0425, the upper limit of the Bollinger band indicator (black dotted line). When testing this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0325 (close of yesterday's daily candle) to the upper fractal at 1.0364 (yellow dotted line). Upon reaching this level, a downward pullback is possible to 1.0271, the 14.6% retracement level (blue dotted line). When testing this level, the price may move up.