FX.co ★ Indicator analysis. Daily review of the EUR/USD pair for August 27, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1751 (closing of yesterday's daily candlestick) will move upward and try to reach the 50.0% retracement level, which is 1.1787 (blue dotted line). Once this level is tested, a rollback downward is possible.

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 1.1751 (closing of yesterday's daily candlestick) will move upward and try to reach the 50.0% retracement level, which is 1.1787 (blue dotted line). Once this level is tested, a rollback downward is possible.

Alternative scenario: the price from the level of 1.1751 (closing of yesterday's daily candlestick) will move upwards and try to reach the upper fractal - 1.1779 (yellow dashed line). Once this level is tested, the downward movement is possible with the target at 1.1759 - the support line (red bold line).