FX.co ★ Indicator analysis: Daily review of EUR/USD on December 16, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0626 (closing of yesterday's daily candle) to the upper fractal at 1.0734 (blue dotted line). When testing this level, continued upward movement is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0626 (closing of yesterday's daily candle) to the upper fractal at 1.0734 (blue dotted line). When testing this level, continued upward movement is possible.

Alternatively, the price may move upward from the level of 1.0626 (closing of yesterday's daily candle) to the upper fractal at 1.0772 (yellow dotted line). Upon reaching this level, the price may move down.