FX.co ★ Indicator analysis. Daily review on EUR / USD for June 2, 2020

Trend analysis (Fig. 1).

Today, a downward pullback is possible from the level of 1.1137 (closing of yesterday's candle) with the target of 1.1079 - a 14.6% pullback level (presented in a red dashed line). From this level, the price may resume its upward movement, with the target of the upper fractal 1.1155 (presented in a red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - down;

- Weekly schedule - up.

General conclusion:

Today, the price may begin to move downwards from the level of 1.1137 (closing of yesterday's candle) with the target of 1.1079 - a 14.6% retracement level (presented in a red dashed line). From this level, the price may resume its upward movement, with the target of the upper fractal 1.1155 (presented in a red dashed line).

Another possible scenario is a downward trend from 1.1155 - a 14.6% retracement level (presented in a red dashed line) with the target of 1.1033 - a 23.6% retracement level (presented in a red dashed line).