FX.co ★ Indicator analysis: Daily review of EUR/USD on July 27, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may roll back up from the level of 1.0116 (close of yesterday's daily candle) to the target of 1.0165, the 8-period EMA (thin blue line). After testing this level, the price may move down with the target of 1.0074, the 61.8% retracement level (blue dotted line). Upon reaching this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today the price may roll back up from the level of 1.0116 (close of yesterday's daily candle) to the target of 1.0165, the 8-period EMA (thin blue line). After testing this level, the price may move down with the target of 1.0074, the 61.8% retracement level (blue dotted line). Upon reaching this level, the price may move up.

Alternative scenario: from the level of 1.0116 (close of yesterday's daily candle), the price may roll back up with the target of 1.0165, the 8-period EMA (thin blue line). After testing this level, a downward movement is possible with the target of 1.0028, the 76.4% retracement level (blue dotted line). Upon reaching this level, the price may move up.