FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on April 30, 2021

Trend analysis (Fig. 1).

On Friday, the market from the level of 1.2120 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2102 (blue bold line). After testing this line, it is likely to continue moving upward with the target of 1.2149 - the upper fractal (red dotted line). And upon reaching this level, the upward movement may continue with the target of 1.2166 - the target level of 161.8% (blue dashed line).

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 price from the level of 1.2120 (closing of yesterday's daily candlestick) will move downward and try to reach the support line - 1.2102 (blue bold line). After testing this line, it is likely to continue moving upward with the target of 1.2149 - the upper fractal (red dotted line). And upon reaching this level, the upward movement may continue with the target of 1.2166 - the target level of 161.8% (blue dashed line).

Unlikely scenario: the price from the level of 1.2120 (closing of yesterday's daily candlestick), will move down and try to reach the support line - 1.2102 (blue bold line). After testing this line, the downward movement may continue with the target of 1.2080 - the 14.6% retracement level (red dotted line). In case of testing this level, it is possible that it will continue moving upwards with the target of 1.2149 - the upper fractal (red dotted line).