FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on April 22, 2021

Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Alternative scenario: from the level of 1.2034 (closing of yesterday's daily candlestick), it may start moving upwards with the target of 1.2075 - the historical resistance level (blue dashed line). After testing this level, it is possible to work down with the target of 1.2025, the 14.6% retracement level (red dashed line).