FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 2, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2212 (closing of yesterday's daily candlestick) will try to continue moving downward with the target at 1.2207 - the support line (blue bold line). If this level is tested, it is possible to move upward with the next target 1.2234 - the historical resistance level (blue dashed line). Upon testing this line, the upward movement may continue with the target of 1.2266 - the upper fractal (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.2212 (closing of yesterday's daily candlestick) will try to continue moving downward with the target at 1.2207 - the support line (blue bold line). If this level is tested, it is possible to move upward with the next target 1.2234 - the historical resistance level (blue dashed line). Upon testing this line, the upward movement may continue with the target of 1.2266 - the upper fractal (red dotted line).

Alternative scenario: the market from the level of 1.2212 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.2184 - the retracement level of 14.6% (red dotted line). In case of testing this level, it is possible to start moving upward with the target at 1.2234 - the historical resistance level (blue dotted line).