FX.co ★ Indicator analysis of EUR/USD on July 21

Trend analysis (fig.1)

On Friday, the pair may increase from 1.1128 (the closing of yesterday's daily candlestick) to 1.1171 (red dotted line), the Fibonacci retracement level of 23.6%. When testing this level, it could rise higher.

Fig. 1 (intraday chart).

Complex analysis:

- indicator analysis – up;

- Fibonacci retracement levels – up;

- candlestick analysis – up;

- trend analysis – up;

- Bollinger lines – up;

- weekly chart-up.

Conclusion:

On Friday, the pair may rise from 1.1128 (the closing of yesterday's daily candlestick) to 1.1171 (red dotted line), the Fibonacci retracement level of 23.6%. When testing this level, it could climb higher.

Alternatively, the pair may start moving up to the target level of 1.1203 (blue dotted line), the Fibonacci retracement level of 208%,

from 1.1128 (the closing of yesterday's daily candlestick). When testing this level, it could roll back.