FX.co ★ Indicator analysis. Daily review for the EUR/USD pair on June 23, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1940 (closing of yesterday's daily candlestick) will try to start moving down with the target at 1.1918 - the 61.8% retracement level (red dotted line). If this level is tested, it is possible to move upward with the target of 1.2007 - the 38.2% retracement level (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 1.1940 (closing of yesterday's daily candlestick) will try to start moving down with the target at 1.1918 - the 61.8% retracement level (red dotted line). If this level is tested, it is possible to move upward with the target of 1.2007 - the 38.2% retracement level (blue dashed line).

Alternative scenario: from the level of 1.1940 (closing of yesterday's daily candlestick), it will try to start moving down with the target at 1.1847 - the lower fractal (blue dashed line). If this line is tested, it is possible to start moving upward with the target at 1.1908 - the 14.6% retracement level (blue dashed line).