28.07.202009:00 Forex-elemzések és áttekintések: Indicator analysis. Daily review on EUR / USD for July 28, 2020

Trend analysis (Fig. 1).

The market may begin to move downward from the level of 1.1754 (closing of yesterday's daily candle) with the target of 1.1692 - a 14.6% pullback level (red dotted line). From this level, the price may continue to move downward with the next target of 1.1637 - a 23.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion:

Today the price may begin to move downward from the level of 1.1754 (closing of yesterday's daily candle) with the target of 1.1692 - a 14.6% pullback level (red dashed line). From this level, the price may continue to move downward with the target of 1.1637 - a 23.6% pullback level (red dotted line).

Another possible scenario is a downward trend from the level of 1.1754 (closing of yesterday's daily candle) with the target at the support line 1.1728 (black bold line). From this level, the price may begin to move upward with the target of 1.1824 - a 61.8% pullback level (blue dotted line).