FX.co ★ Indicator analysis: Daily review of EUR/USD on November 20, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0914 (closing of Friday's daily candle) to 1.0957, the 61.8% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible to the upper fractal at 1.0914 (yellow dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

Today, the price may move upward from the level of 1.0914 (closing of Friday's daily candle) to 1.0957, the 61.8% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible to the upper fractal at 1.0914 (yellow dotted line).

Alternatively, the price may move downward from the level of 1.0914 (closing of Friday's daily candlestick) to 1.0856, the 14.6% pullback level (yellow dotted line). In the case of testing this level, an upwardward movement is possible to 1.0957, the 61.8% pullback level (blue dotted line).