FX.co ★ Indicator analysis. Daily review of the EUR/USD pair for August 25, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1756 (closing of yesterday's daily candlestick) may start moving down with the target of 1.1726 - the 38.2% retracement level (yellow dashed line). When this level is tested, the upward movement is likely to continue with the target at 1.1797 - the 50.0% retracement level (blue dashed line). Once this level is reached, a slight downward rollback may begin.

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - down;
• Trend analysis - down;
• Bollinger lines - down;
• Weekly chart - up.

General conclusion:

Today, the price from the level of 1.1756 (closing of yesterday's daily candlestick) may start moving down with the target of 1.1726 - the 38.2% retracement level (yellow dashed line). When this level is tested, the upward movement is likely to continue with the target at 1.1797 - the 50.0% retracement level (blue dashed line). Once this level is reached, a slight downward rollback may begin.

Alternative scenario: from the level of 1.1756 (closing of yesterday's daily candlestick), it will try to start moving down with the target at 1.1726 - the 38.2% retracement level (yellow dashed line). When this level is tested, the downward movement may continue with the target at 1.1714 - the 50.0% retracement level (yellow dashed line). Once this level is reached, upward movement is possible.