FX.co ★ Indicator analysis. Daily review on EUR / USD for July 13, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from the level of 1.1303 (closing of the Friday afternoon candle) with the target to break through the resistance line 1.1326 (white bold line). From this level, a downward pullback is possible with the target of 1.1247 - a 61.8% pullback level (blue 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 roll back down with the target of 1.1247 - a 61.8% pullback level (blue dashed line). From this level, the price may begin to move upward with the target at the resistance line 1.1326 (blue dashed line).

Another possible scenario is a continued downward trend from 1.1247 - a 61.8% pullback level (blue dashed line) with the target of 1.1217 - a 76.4% pullback level (blue dashed line).