FX.co ★ Indicator analysis: Daily review of EUR/USD on May 25, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move down from the level of 1.0735 (close of yesterday's daily candle) to the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may continue to move downward with the target of 1.0654, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up.

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 – up.

General conclusion:

Today, the price may move down from the level of 1.0735 (close of yesterday's daily candle) to the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may continue to move downward with the target of 1.0654, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up.

Alternative scenario: from the level of 1.0735 (close of yesterday's daily candle), the price may move downward with the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may move upward to the upper fractal at 1.0748 (yellow dotted line).