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

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). Upon testing this level, a continued upward movement is possible to the upper fractal at 1.0756 (daily candle from 06/11/2023).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis – 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 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). Upon testing this level, a continued upward movement is possible to the upper fractal at 1.0756 (daily candle from 06/11/2023).

Alternatively, the price may move upward from the level of 1.0697 (closing of yesterday's daily candle) to test 1.0721, the 14.6% pullback level (yellow dotted line). After that, a downward movement is possible to 1.0681, the 8-day EMA (blue thin line).