FX.co ★ Indicator analysis. EUR/USD daily review on January 13, 2022

Trend analysis (Fig. 1)

EUR / USD may decline on Thursday, from 1.1441 (closing of yesterday's daily candle) to 1.1414, which is the 14.6% retracement level (red dotted line). After that it will go to 1.1452, which is the upper fractal (red dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - downtrend

Weekly chart - uptrend

Conclusion: EUR/USD will dip from 1.1441 (closing of yesterday's daily candle) to the 14.6% retracement level at 1.1414 (red dotted line). Then, it will go further up to 1.1452, which is the upper fractal (red dotted line).

Alternatively, the pair could move from 1.1441 closing of yesterday's daily candle) to the historical resistance level at 1.1493 (blue dashed line).