FX.co ★ Indicator analysis. Daily review of EUR/USD on October 28, 2021

Trend analysis (Fig. 1)

The price from the level of 1.1605 (closing of yesterday's daily candle) will attempt to rise today in order to test the level of 1.1615 – the pullback level of 23.6% (yellow dotted line). After this level is reached, it may continue its growth to the target of 1.1671 – the pullback level of 38.2% (yellow dotted 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 1.1605 (closing of yesterday's daily candle) is expected to start moving up in order to test the level of 1.1615 – the pullback level of 23.6% (yellow dotted line). After reaching it, the upward movement may continue to the target of 1.1671 – the pullback level of 38.2% (yellow dotted line).

Alternatively, the price from the level of 1.1605 (closing of yesterday's daily candle) may begin to decline to be able to test the level of 1.1558 – the pullback level of 76.4% (red dotted line). After reaching this level, it may turn upward to the target of 1.1615 – the pullback level of 23.6% (yellow dotted line).