FX.co ★ Indicator analysis: Daily review of EUR/USD on November 24, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, a downward pullback is possible to 1.0369, the 14.6% retracement level (blue dotted line).

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 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, a downward pullback is possible to 1.0369, the 14.6% retracement level (blue dotted line).

Alternatively, the price may move upward from the level of 1.0394 (closing of yesterday's daily candle) to 1.0456, the 85.4% retracement level (yellow dotted line). From this level, continued upward movement is possible to 1.0598, the historical resistance level (blue dotted line).