FX.co ★ Indicator analysis: Daily review of EUR/USD on November 21, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line), and after that, a downward movement is possible with a target of 1.0899, the 14.6% pullback level (yellow dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line), and after that, a downward movement is possible with a target of 1.0899, the 14.6% pullback level (yellow dotted line).

Alternatively, the price may move upward from the level of 1.0939 (closing of yesterday's daily candle) to test 1.0957, the 61.8% pullback level (blue dotted line). From here, a continued upward movement is possible to 1.1063, the historical resistance level (blue dotted line).