FX.co ★ Indicator analysis: Daily review of EUR/USD on July 13, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.1129 (closing of yesterday's daily candle) to 1.1103, the 14.6% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.1186, the historical resistance level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.1129 (closing of yesterday's daily candle) to 1.1103, the 14.6% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.1186, the historical resistance level (blue dotted line).

Alternatively, the price may move downward from the level of 1.1129 (closing of yesterday's daily candle) to 1.1075, the 24.6% pullback level (red dotted line). From this level, an upward movement is possible with the target of 1.1186, the historical resistance level (blue dotted line).