FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on April 21, 2021

Trend analysis (Fig. 1).

On Wednesday, the market from the level of 1.2035 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.1992 - the support line (blue bold line). In case of testing this line, it is possible to continue moving upward with the target of 1.2075 - the historical resistance level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.2035 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.1992 - the support line (blue bold line). In case of testing this line, it is possible to continue moving upward with the target at 1.2075 - the historical resistance level (blue dashed line).

Alternative scenario: from the level of 1.2035 (closing of yesterday's daily candlestick), it will try to continue moving upwards with the target of 1.2075 - the historical resistance level (blue dashed line). In case of testing this level, the price will try to continue moving upwards with the target of 1.2102 - the 76.4% retracement level (yellow dashed line). When testing this level, it is likely to continue working upwards.