FX.co ★ Indicator analysis of EUR/USD for April 12, 2022

Trend analysis (Fig. 1).

The market may move down from the level of 1.0882 (close of yesterday's daily candle) to the historical support level of 1.0837 (blue dotted line). In case of testing this level, the price may move upward to 1.0886, the 14.6% retracement level (red dotted line). From this level, the upward movement may continue.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• Trend analysis - down;
• Bollinger bands - down;
• Weekly chart - down.

General conclusion:

Today, the price may move down from the level of 1.0882 (close of yesterday's daily candle) to the historical support level of 1.0837 (blue dotted line). In case of testing this level, the price may move upward to 1.0886, the 14.6% retracement level (red dotted line). From this level, the upward movement may continue.

Alternative scenario: from the level of 1.0882 (close of yesterday's daily candle), the price may move down to the support level of 1.0815 (thick blue line). In case of testing this level, the price may move up to 1.0886, the 14.6% retracement level (red dotted line). From this level, upward movement is possible.