FX.co ★ Indicator analysis: Daily review of EUR/USD on June 14, 2023

Trend analysis (Fig. 1).

The market may move downward from the level of 1.0792 (closing of yesterday's daily candle) with the target of 1.0774, the 21-day EMA (thin black line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0792 (closing of yesterday's daily candle) with the target of 1.0774, the 21-day EMA (thin black line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).

Alternatively, the price may move downward from the level of 1.0792 (closing of yesterday's daily candle) with the target of 1.0743, the 61.8% pullback level (yellow dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0823, the upper fractal (daily candle from 06/13/2023).