FX.co ★ Indicator analysis of EUR/USD on December 18, 2023

Trend Analysis (Figure 1).

The EUR/USD currency pair may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to continue moving upward with a target of 1.0959, the 61.8% pullback level (blue dotted line). When testing this level, a continuation of the ascending trend is possible.

Figure 1 (Daily chart).

Comprehensive Analysis:

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

Today, the price may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to continue moving upward with a target of 1.0959, the 61.8% pullback level (blue dotted line). When testing this level, a continuation of the ascending trend is possible.

Alternatively, the price may move upward from the level of 1.0893 (closing of Friday's daily candle) to 1.0943, the 14.6% pullback level (yellow dotted line). From this level, the price will attempt to retrace downward.