FX.co ★ Indicator analysis: Daily review of EUR/USD on December 23, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0595 (closing of yesterday's daily candle) to the 1.0654 resistance level (thick white 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 - up;
• Trend analysis - up;
• Bollinger bands - up;
• Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.0595 (closing of yesterday's daily candle) to the 1.0654 resistance level (thick white line). When testing this level, continued upward movement is possible.

Alternatively, the price may move upward from the level of 1.0595 (closing of yesterday's daily candle) to the 1.0654 resistance level (thick white line). When testing this level, a downward movement is possible to 1.0560, the 14.6% retracement level (blue dotted line).