FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 8, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2188 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.2234 - the historical resistance level (blue dotted line). After testing this level, the price may continue to work upward with the target at 1.2266 - the upper fractal (red dotted line). And upon reaching this line, it is possible to roll back downwards.

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 1.2188 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.2234 - the historical resistance level (blue dotted line). After testing this level, the price may continue to work upward with the target at 1.2266 - the upper fractal (red dotted line). And upon reaching this line, it is possible to roll back downwards.

Alternative scenario: the price from the level of 1.2188 (closing of yesterday's daily candlestick) will try to start moving down with the target of 1.2164 - 21 EMA (black thin line). The price, having tested this line, may start working upwards with the target at 1.2234 - the historical resistance level (blue dashed line).