FX.co ★ Indicator analysis: EUR/USD daily review on July 21, 2022

Trend analysis (Fig. 1)

EUR/USD may attempt to move up this Thursday, from the closing of yesterday's daily candle at 1.0178 to the upper fractal - at 1.0273 (dashed blue line). Then, it will go to the 61.8% retracement level at 1.0359 (red dotted line), before going down again.

Fig. 1 (daily chart)

comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - downtrend

Weekly chart - uptrend

Conclusion: EUR/USD will rise from 1.0178 (closing of yesterday's daily candle ) to 1.0273, which is the upper fractal (dashed blue line). Then, it will move to the 61.8% retracement level at 1.0359 (red dotted line), before going down again.

Alternatively, the pair could climb from 1.0178 (closing of yesterday's daily candle) to the 21 EMA at 1.0252 (black thin line), then move down to the 38.2% retracement level at 1.0150 (dashed blue line). Price is likely to increase after following these movements.