FX.co ★ Indicator analysis: Daily review of EUR/USD on January 24, 2022

Trend analysis (Fig. 1).

The market may move down on Monday from the level of 1.1343 (close of Friday's daily candle) to the support level 1.1314 (blue bold line). When testing this level, the price may move upward to the target level of 1.1327, the 14.6% retracement level (yellow dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger bands - down;

- Weekly chart - down.

General conclusion:

The price may move down on Monday from the level of 1.1343 (close of Friday's daily candle) to the support level 1.1314 (blue bold line). When testing this level, the price may move upward to the target level of 1.1327, the 14.6% retracement level (yellow dotted line).

Alternative scenario: from the level of 1.1343 (close of Friday's daily candle), the price may move down to the target level of 1.1301, the lower fractal (yellow dotted line). When testing this level, the price may move upward to the target level of 1.1327, the 14.6% retracement level (yellow dotted line). When testing this level, the price may continue to move upward to the target level of 1.1347, the 23.6% retracement level (yellow dotted line).