FX.co ★ Indicator analysis: Daily review of EUR/USD on November 10, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0011 (close of yesterday's daily candle) to test the 1.0088 resistance level (thick red line). Upon reaching this level, continued upward movement is possible to 1.0198, the upper limit of the Bollinger band indicator (black dotted line). From this level, the price may roll back down.

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 1.0011 (close of yesterday's daily candle) to test the 1.0088 resistance level (thick red line). Upon reaching this level, continued upward movement is possible to 1.0198, the upper limit of the Bollinger band indicator (black dotted line). From this level, the price may roll back down.

Alternatively, the price may move upward from the level of 1.0011 (close of yesterday's daily candle) to test the 1.0088 resistance level (red thick line). Upon reaching this level, a downward movement is possible to 1.0007, the 23.6% retracement level (blue dotted line). From this level, the price may move up.