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22.04.202111:06 Forex Analysis & Reviews: Indicator analysis. Daily review for the EUR/USD pair on April 22, 2021

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Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the market from the level of 1.2034 (closing of yesterday's daily candlestick) may start moving upwards with the target of 1.2079 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upward with the target of 1.2166, the level of 161.8% (blue dashed line). And upon reaching this level, it is possible to work down.

Alternative scenario: from the level of 1.2034 (closing of yesterday's daily candlestick), it may start moving upwards with the target of 1.2075 - the historical resistance level (blue dashed line). After testing this level, it is possible to work down with the target of 1.2025, the 14.6% retracement level (red dashed line).

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