FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 21, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1862 (closing of last Friday's daily candlestick) may start moving up with the target at 1.1908 - the retracement level of 14.6% (blue dotted line). After testing this level, the upward movement may continue with the target of 1.1946 - the retracement level of 23.6% (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 1.1862 (closing of last Friday's daily candlestick) may start moving up with the target at 1.1908 - the retracement level of 14.6% (blue dotted line). After testing this level, the upward movement may continue with the target of 1.1946 - the retracement level of 23.6% (blue dashed line).

Alternative scenario: the price from the level of 1.1862 (closing of last Friday's daily candlestick) will continue to move downward, with the target at 1.1811 - the historical support level (blue dashed line). And upon testing this level, it is possible to move upwards.