FX.co ★ Indicator analysis. Daily review of the EUR/USD pair for August 24, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1744 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.1758 - the 38.2% retracement level (blue dotted line). The price, having tested this level, may continue to work upward with the target at 1.1787 - the 50.0% retracement (blue dashed line). From this level, the price may 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 1.1744 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.1758 - the 38.2% retracement level (blue dotted line). The price, having tested this level, may continue to work upward with the target at 1.1787 - the 50.0% retracement (blue dashed line). From this level, the price may roll back down.

Alternative scenario: the price from the level of 1.1744 (closing of yesterday's daily candlestick) will try to start moving down with the target at 1.1706 - the historical support level (blue dotted line). After testing this line, the price is likely to start working upwards with the target at 1.1723 - the 23.6% retracement level (blue dashed line).