FX.co ★ Indicator analysis. Daily review on EUR / USD for July 21, 2020

Trend analysis (Fig. 1).

The market may begin to move downward from the level of 1.1449 (closing of yesterday's daily candle) with the target at 1.1396 - a 23.6% pullback level (blue dotted line). There is a possibility that the price will continue to move downward from this level, with the target at 1.1354 - a 38.2% pullback level (blue dotted 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 chart - down.

General conclusion:

Today, the price may begin to move downward from the level of 1.1449 (closing of yesterday's daily candle) with the target at 1.1396 - a 23.6% pullback level (blue dotted line). There is a possibility that the price will continue to move downward from this level with the target at 1.1354 - a 38.2% pullback level (blue dotted line).

Another possible scenario is an upward trend from 1.1425 - a 14.6% pullback level (blue dotted line) with the target at the upper fractal 1.1497 (white dotted line).