FX.co ★ Indicator analysis: Daily review of EUR/USD on December 12, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0541 (closing of Friday's daily candle) to 1.0467, the 14.6% retracement level (blue dotted line). After testing this level, an upward movement is possible to the upper fractal at 1.0594 (blue dotted line).

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 1.0541 (closing of Friday's daily candle) to 1.0467, the 14.6% retracement level (blue dotted line). After testing this level, an upward movement is possible to the upper fractal at 1.0594 (blue dotted line).

Alternatively, the price may move downward from the level of 1.0541 (closing of Friday's daily candle) to 1.0390, the 23.6% retracement level (blue dotted line). After testing this level, an upward movement is possible to the upper fractal at 1.0594 (blue dotted line).