FX.co ★ Indicator analysis. Daily review of EUR/USD on January 10, 2021

Trend analysis (Fig. 1)

Today, the price from the level of 1.1360 (closing of Friday's daily candlestick) is likely to start declining to the target of 1.1321 – 21 EMAs (black thin line). Once this line is tested, it may continue to rise to the target of 1.1403 – the resistance line (blue bold line).

Fig 1 (daily chart)

Comprehensive analysis:

• Indicator analysis - down
• Fibonacci levels - down
• Volumes - down
• Candlestick analysis - down
• Trend analysis - up
• Bollinger lines - down
• Weekly chart - down

General conclusion:

The price from the level of 1.1360 (closing of Friday's daily candlestick) may begin to fall to the target of 1.1321 – 21 EMAs (black thin line). After testing this line, it may further increase to the target of 1.1403 – the resistance line (blue bold line).

Alternatively, the price from the level of 1.1360 (closing of Friday's daily candlestick) can possibly plummet to the target of 1.1309 – the pullback level of 38.2% (red dashed line), and then continue its growth to the target of 1.1364 - the upper fractal (daily candle from 7.1.2022). After reaching this level, the upward movement will resume.