FX.co ★ Indicator analysis: Daily review of EUR/USD on September 13, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0121 (close of yesterday's daily candle) to 1.0175, the 61.8% retracement level (white dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.0197, the upper fractal (daily candle from 09/12/2022). When testing this level, the price may move downward to 1.0160, the 76.4% retracement level (blue dotted line). From this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today the price may move upward from the level of 1.0121 (close of yesterday's daily candle) to 1.0175, the 61.8% retracement level (white dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.0197, the upper fractal (daily candle from 09/12/2022). When testing this level, the price may move downward to 1.0160, the 76.4% retracement level (blue dotted line). From this level, the price may move up.

Alternative scenario: from the level of 1.0121 (close of yesterday's daily candle), the price may move upward to the resistance level of 1.0146 (thick red line). When testing this level, a downward movement is possible to 1.0096, the 100.0% retracement level (blue dotted line). When testing this level, the price may move up.