27.07.202008:59 Forex Analysis & Reviews: Indicator analysis. Daily review on EUR / USD for July 27, 2020

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Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.1658 (closing of the Friday's daily candle) targeting the resistance line 1.1743 (black bold line). If this level is reached, a downward pullback is possible with the target of 1.1660 - a 14.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today the price may move upwards targeting the resistance line 1.1743 (black thick line). If this level is reached, a downward pullback is possible with the target of 1.1660 - a 14.6% pullback level (red dotted line).

Another possible scenario is a continuous upward trend from the resistance line 1.1743 (black bold line) with the target at 1.1824 - a 61.8% pullback level (blue dotted line).

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