FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on May 26, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2249 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.2274 - the 85.4% retracement level (yellow dashed line). Once this line is tested, the next upper target is at 1.2336 - the upper border of the Bollinger Band indicator (black dotted line). And upon testing this line, it is possible to roll back the 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 price from the level of 1.2249 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.2274 - the 85.4% retracement level (yellow dashed line). Once this line is tested, the next upper target is at 1.2336 - the upper border of the Bollinger Band indicator (black dotted line). And upon testing this line, it is possible to roll back the work down.

Alternative scenario: from the level of 1.2249 (closing of yesterday's daily candlestick), it will try to continue moving upwards with the target of 1.2274 - the 85.4% retracement level (yellow dashed line). In case of testing this level, the lower work may begin with the target at 1.2183 - the 14.6% retracement level (red dotted line).