FX.co ★ Indicator analysis: Daily review on EUR/USD for January 28, 2020

Trend analysis (Fig. 1).

An upward movement is expected today with the first target of 1.1045, the retracement level of 14.6% in a blue dashed line. Upon reaching this level, it is possible to continue work upward with the goal of 1.1066, the retracement level of 23.6% presented in a blue dotted line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

An upward movement is expected today with the first target of 1.1045, the retracement level of 14.6% presented in a blue dashed line.

An unlikely but possible scenario is from the level of 1.1021, yesterday's closing candle, the price will go down to the support line 1.1003, presented in a red bold line and then work up.