FX.co ★ Indicator analysis: Daily review of EUR/USD on July 24, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible, with the target of 1.1210, the 14.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a continued upward movement is possible, with the target of 1.1210, the 14.6% pullback level (red dotted line).

Alternatively, the price may move upward from the level of 1.1125 (closing of Friday's daily candle) with the target at 1.1171, the 23.6% pullback level (red dotted line). Upon testing this level, a downward movement is possible with the target of 1.1139, the 8-day EMA (thin blue line).