FX.co ★ Analysis of indicators in EUR/USD. Daily review dated October 26, 2021

Trend analysis (Fig. 1)

EUR / USD may rise from 1.1606 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.1615. After that, it will most likely climb again to the 38.2% retracement level (yellow dashed line) - 1.1671.

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger bands - down;

- Weekly chart - up.

General conclusion: There is a high chance that EUR/USD will climb from 1.1606 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.1615. Then, it will be followed by another increase to the 38.2% retracement level (yellow dashed line) - 1.1671.

Unlikely scenario: After rising from 1.1606 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.1615, EUR/USD will drop to the 50.0% retracement level (red dashed line) - 1.1574.