FX.co ★ Indicator analysis: Daily review of EUR/USD on December 19, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0586 (closing of Friday's daily candle) to 1.0544, the 13-period EMA (thin yellow line). When testing this level, an upward movement is possible to 1.0612, the historical resistance level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0586 (closing of Friday's daily candle) to 1.0544, the 13-period EMA (thin yellow line). When testing this level, an upward movement is possible to 1.0612, the historical resistance level (blue dotted line).

Alternatively, the price may move downward from the level of 1.0586 (closing of Friday's daily candle) to 1.0471, the 21-period EMA (thin black line). When testing this level, an upward movement is possible to 1.0612, the historical resistance level (blue dotted line).