FX.co ★ Indicator analysis: EUR/USD daily review on December 29, 2022

Trend analysis (Fig. 1)

EUR/USD will attempt to move up from the closing of yesterday's daily candle at 1.0611 to the resistance level of 1.0656 (thick white line) and to the upper fractal at 1.0736 (blue dotted line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: EUR/USD will rise from 1.0611 (closing of yesterday's daily candle) to the resistance level of 1.0656 (thick white line) and to the upper fractal at 1.0736 (blue dotted line).

Alternatively, the pair could climb from 1.0611 (closing of yesterday's daily candle) to the resistance level of 1.0656 (thick white line), then pull back to the 14.6% retracement level at 1.0561 (blue dotted line).