FX.co ★ Indicator analysis: Daily review of EUR/USD on January 11, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0732 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). When testing this level, continued upward movement is possible to 1.0794, the upper limit of the Bollinger band indicator (black dotted line). From this level, the price may move down.

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 1.0732 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). When testing this level, continued upward movement is possible to 1.0794, the upper limit of the Bollinger band indicator (black dotted line). From this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0732 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). In the case of testing this level, a downward pullback is possible to the 1.0660 support level (thick red line). From this level, the price may move up.