FX.co ★ Indicator analysis: Daily review of EUR/USD on November 18, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0363 (close of yesterday's daily candle) to the upper fractal at 1.0479 (blue dotted line). When testing this level, a downward pullback is possible.

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 1.0363 (close of yesterday's daily candle) to the upper fractal at 1.0479 (blue dotted line). When testing this level, a downward pullback is possible.

Alternatively, the price may move downward from the level of 1.0363 (close of yesterday's daily candle) to 1.0286, the 8-period EMA (thin blue line). Upon reaching this level, an upward movement is possible with the target of 1.0456, the 85.4% retracement level (yellow dotted line).