FX.co ★ Indicator Analysis. Daily review for the EUR/USD currency pair 02/16/21

Today, the market will try to continue moving up from the level of 1.2128 (the closing of yesterday's daily candle) with the target of 1.2177 at the resistance level (the blue bold line). The price, having tested this level, can continue to go up with the goal of 1.2234 at the historical resistance level (blue dotted line).

Figure 1 (daily chart).

Comprehensive Analysis:

• Indicator Analysis - up

• Fibonacci levels - up

• Volumes - up

• Candlestick Analysis - up

• Trend Analysis - up

• Bollinger Bands - up

• Weekly Schedule - up

General Conclusion:

Today, the price will try to continue moving up from the level of 1.2128 (the closing of yesterday's daily candle) with the goal of 1.2177 at the resistance level (the blue bold line). The price, having tested this level, can continue to go up with the target of 1.2234 at the historical resistance level (blue dotted line).

For an unlikely scenario: the price will try to go down from the level of 1.2128 (the closing of yesterday's daily candle) with the target of 1.2063 at the pullback level of 38.2% (the red dotted line). The price, having tested this level, can continue to go downwards with a target of 1.1975 at the pullback level of 50.0% (red dotted line).