FX.co ★ Indicator analysis. Daily review on EUR / USD for July 9, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from the level of 1.1332 (closing of yesterday's candle) with the target at the upper fractal 1.1423 (red dashed line). There is a possibility that from this level the price may continue to move upward with the next target at the next upper fractal 1.1495.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price may continue to move upward from the level of 1.1332 (closing of yesterday's candle) with the target at the upper fractal 1.1423 (red dashed line). There is a possibility that from this level the price may continue to move upward with the next target at the next upper fractal1.1495

Another possible scenario is a downward trend from 1.1363 - a 76.4% retracement level (red dashed line) with the target at 1.1295 - a 38.2% pullback level (blue dashed line).