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25.11.2022 09:42 AM
Indicator analysis: Daily review of EUR/USD on November 25, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). When testing this level, a downward pullback is possible.

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). When testing this level, a downward pullback is possible.

Alternatively, the price may move upward from the level of 1.0411 (closing of yesterday's daily candle) to 1.0456, the 84.5% retracement level (yellow dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.0598, the historical resistance level (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
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