Indicator analysis: EUR/USD daily review on August 18, 2022

Trend analysis (Fig. 1)

On Thursday, from the level of 1.0179 (closing of yesterday's daily candle), EUR/USD will attempt to continue moving down in order to test the support line of 1.0136 (thick blue line). Then, it will go to the 38.2% retracement level at 1.0203 (red dotted line), before going up to the 50.0% retracement level at 1.0282 (red dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - downtrend

Bollinger bands - downtrend

Weekly chart - uptrend

Conclusion: EUR/USD will continue moving down from 1.0179 (closing of yesterday's daily candle) in order to test the support line of 1.0136 (thick blue line). Upon reaching it, the quote will bounce to the 38.2% retracement level at 1.0203 (red dotted line), then go up to the 50.0% retracement level at 1.0282 (red dotted line).

Alternatively, the pair could fall from 1.0179 (closing of yesterday's daily candle) and test the 61.8% retracement level at 1.0107 dashed blue line. Then, it will climb to the 38.2% retracement level at 1.0203 (red dotted line) and higher price levels.