FX.co ★ Indicator analysis. Daily review on EUR / USD for June 11, 2020

Trend analysis (Fig. 1).

Today, an upward pullback is possible from the level of 1.1376 (closing of yesterday's candle) with the target of 1.1308 - a 14.6% retracement level (red dashed line). There is a possibility that from this level the price may continue to move downward with the next target of 1.1238 - a 23.6% retracement level (red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price may begin to move downward from the level of 1.1376 (closing of yesterday's candle) with the target of 1.1308 - a 14.6% retracement level (red dashed line). There is a possibility that from this level, the price may continue to move downward with the next target of 1.1238 - a 23.6% retracement level (red dashed line).

Another possible scenario is an upward trend after reaching the lower pullback level of 14.6% equivalent to 1.1308 (red dashed line) with the target at the upper fractal 1.1423 (blue dashed line).