FX.co ★ Indicator analysis of EUR/USD for November 19, 2021

Trend analysis (Fig. 1).

On Friday, the price is likely to go down from 1.1369 (closing level of yesterday's daily candlestick) to the target seen at the 23.6% retracement level (1.1347, red dotted line). After testing this mark, the upward trend could resume. If so, the target will be seen at the 38.2% retracement level (1.1427, blue dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

- indicator analysis - uptrend

- Fibonacci retracements analysis - uptrend

- volume analysis - uptrend

- candlestick analysis - uptrend

- trend analysis - uptrend

- Bollinger bands analysis - uptrend

- weekly chart analysis - uptrend

Conclusion

Today, the price is likely to go down from 1.1369 (closing level of yesterday's daily candlestick) to the target seen at the 23.6% retracement level (1.1347, red dotted line). After testing this mark, the upward trend could resume. If so, the target will be seen at the 38.2% retracement level (1.1427, blue dotted line).

Alternatively, the price is likely to fall from 1.1369 (closing level of yesterday's daily candlestick) to the 38.2% retracement level (1.1331, red dotted line). After testing this mark, the upward trend could resume. If so, the target will be seen at the 23.6% retracement level (1.1364, blue dotted line).