FX.co ★ Indicator analysis of EUR/USD on August 22, 2022

Trend analysis (Fig. 1).

On Monday, the price may extend the downtrend from 1.0038 (the closing level of Friday's daily candlestick) to the 85.4% retracement level of 1.0012 (blue dotted line). Having tested the mark, the quote may rise, test the 23.6% retracement level of 1.0107 (red dotted line), and continue growth.

Fig. 1 (daily chart).

Complex analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger bands - up;

- weekly chart up.

Final thoughts:

Today, the price may extend the downtrend from 1.0038 (the closing level of Friday's daily candlestick) to the 85.4% retracement level of 1.0012 (blue dotted line). Having tested the mark, the quote may rise, test the 23.6% retracement level of 1.0107 (red dotted line), and continue growth.

Alternative scenario: the price may extend the downtrend from 1.0038 (the closing level of Friday's daily candlestick) and test the 0.9951 lower fractal (blue dotted line). Having tested the mark, the quote may rise to the 14.6% retracement level of 1.0048 (red dotted line), with the target at the 23.6% retracement level of 1.0107 (red dotted line).