19.07.202409:48 Forex-elemzések és áttekintések: Indicator analysis: Daily review of EUR/USD on July 19, 2024

Trend Analysis (Fig. 1)

Today, EUR/USD may continue to fall from the level of 1.0895 (yesterday's daily candle close), aiming for 1.0881 – the 23.6% retracement level (red dashed line). Upon testing this level, the price may rise, with 1.0948 – the upper fractal (blue dashed line) as the target.

Fig. 1 (daily chart)

Comprehensive Analysis:

• Indicator Analysis – down;
• Fibonacci Levels – down;
• Candlestick Analysis – down;
• Trend Analysis – up;
• Bollinger Bands – up;
• Weekly Chart – up.

General Conclusion:

Today, the price may continue to fall from the level of 1.0895 (yesterday's daily candle close), as it aims for 1.0881 – the 23.6% retracement level (red dashed line). Upon testing this level, an upward movement is possible with the target of 1.0948 – the upper fractal (blue dashed line).

Alternative Scenario: Today, the price may continue to fall from the level of 1.0895 (yesterday's daily candle close), as it aims for 1.0860 – the 13 EMA (thin yellow line). Upon testing this line, an upward movement is possible with the target of 1.0948 – the upper fractal (blue dashed line).