12.11.202008:06 Forex Analysis & Reviews: Indicator analysis. Daily review for the EUR / USD currency pair 12/11/2020.

Trend analysis (Fig. 1).

Today, the market from the level of 1.1776 (the closing of yesterday's daily candle) can start moving up with the goal of 1.1814 which is a pullback level of 76.4% (blue dotted line). When testing this level, further work up with the goal of 1.1858 which is the resistance line (white bold line).

Figure 1 (daily chart).

Complex analysis:

• Indicator Analysis – up
• Fibonacci Levels – up
• Volumes – up
• Candle Analysis – up
• Trend Analysis – up
• Bollinger Bands – up
• Weekly Chart – down

General conclusion:

Today, the market from the level of 1.1776 (the closing of yesterday's daily candle) can start moving up with the goal of 1.1814 which is a pullback level of 76.4% (blue dotted line). When testing this level, further work up with the goal of 1.1858 which is the resistance line (white bold line).

Alternative scenario: From the level of 1.1781, which is a pullback level of 61.8% (blue dotted line), the price can continue to move down with the goal of 1.1761 which is a pullback level of 50.0% (red dotted line). When testing this level, further work down with the goal of 1.1723 which is a rollback level of 61.8% (red dotted line).