FX.co ★ EUR/USD Indicator Analysis; Daily review for December 10, 2021

Trend analysis (Fig. 1).

The market may move up on Friday from the level of 1.1292 (closing of Thursday's daily candle) to 1.1336, the 21-day EMA (black thin line). After testing this line, the price may continue to move up with the target at 1.1379, the 38.2% retracement level (blue dashed line).

Fig. 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:

The price may move up from the level of 1.1292 (closing of Thursday's daily candle) to 1.1336, the 21-day EMA (black thin line). After testing this line, the price may continue to move up with the target at 1.1379, the 38.2% retracement level (blue dashed line).

Unlikely scenario: from the level of 1.1292 (closing of Thursday's daily candle), the price may start moving up with the target of reaching 1.1336, the 21-day EMA (black thin line). After testing this line, the price may move down to 1.1240, the support level (blue bold line).