FX.co ★ EUR/USD: indicator analysis on July 14, 2023

Trend analysis (Fig. 1)

On Friday, the price may go down from 1.1225 (the close price of yesterday's daily candlestick) to the 14.5% retracement level of 1.1183 (red dotted line). In case the price tests this level, it may then go up.

Fig. 1 (daily chart)

Complex analysis:

- indicator analysis - down

- Fibonacci levels - down

- candlestick analysis - down

- trend analysis - up

- Bollinger bands - down

- weekly chart - up

Conclusion:

Today, the price may go down from 1.1225 (the close price of yesterday's daily candlestick) to the 14.5% retracement level of 1.1183 (red dotted line). In case the price tests this level, it may then go up.

Alternative scenario: the price may go down from 1.1225 (the close price of yesterday's daily candlestick) to the 23.6% retracement level of 1.1146 (red dotted line). In case the price tests this level, it may then go up.