FX.co ★ Indicator analysis: Daily review of EUR/USD on November 22, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0239 (closing of yesterday's daily candle) to 1.0359, the 76.4% retracement level (yellow dotted line). Upon reaching this level, continued upward movement is possible to 1.0456, the 85.4% retracement level (yellow dotted line). When testing 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 1.0239 (closing of yesterday's daily candle) to 1.0359, the 76.4% retracement level (yellow dotted line). Upon reaching this level, continued upward movement is possible to 1.0456, the 85.4% retracement level (yellow dotted line). When testing this level, the price may roll back down.

Alternatively, the price may move downward from the level of 1.0239 (closing of yesterday's daily candle) to 1.0193, the 38.2% retracement level (blue dotted line). From this level, an upward movement is possible to 1.0359, the 76.4% retracement level (yellow dotted line). When testing this level, the price may continue to move up.