FX.co ★ Indicator analysis: Daily review of EUR/USD on November 21, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0324 (closing of Friday's daily candle) to 1.0213, the 13-period EMA (thin yellow line). After testing this level, an upward movement is possible with the target of 1.0359, the 76.4% retracement level (yellow dotted line). Upon reaching this level, the price may continue to move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0324 (closing of Friday's daily candle) to 1.0213, the 13-period EMA (thin yellow line). After testing this level, an upward movement is possible with the target of 1.0359, the 76.4% retracement level (yellow dotted line). Upon reaching this level, the price may continue to move up.

Alternatively, the price may move downward from the level of 1.0324 (closing of Friday's daily candle) to 1.0284, the 8-period EMA (thin blue line). After testing this level, continued downward movement is possible with the target of 1.0193, the 38.2% retracement level (blue dotted line). From this level, the price may move up.