FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 15, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2119 (closing of yesterday's daily candlestick) will try to continue its upward movement with the target of 1.2154 - 21 EMA (black thin line). Once this line is tested, the price may continue to work upward, with the target at 1.2199 - the resistance line of the descending channel (red bold line). And then, upon reaching this line, it is possible to roll back 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 1.2119 (closing of yesterday's daily candlestick) will try to continue its upward movement with the target of 1.2154 - 21 EMA (black thin line). Once this line is tested, the price may continue to work upward, with the target at 1.2199 - the resistance line of the descending channel (red bold line). And then, upon reaching this line, it is possible to roll back down.

Alternative scenario: the price from the level of 1.2119 (closing of yesterday's daily candlestick) will try to start moving upwards with the target of 1.2154 - 21 EMA average (black thin line). The price, having tested this line, may start working downward, with the target at 1.2084 - the support line of the descending channel (red bold line). Upon reaching this line, it is possible to work upward.