21.01.202008:18 Forex Analysis & Reviews: Indicator analysis: Daily review on EUR/USD for January 21, 2020

Trend analysis (Fig. 1).

Expect an upward movement today with the first target of 1.1117, the pullback level of 23.6% presented in a blue dashed line. Upon reaching this level, the next goal will be a retracement level of 38.2% equivalent to 1.1141, presented in a blue dotted line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

An upward trend is possible today.

An unlikely scenario is from the support line of 1.1095, presented in a white bold line, the price goes down to a retracement level of 61.8% equivalent to 1.1081, in a red dashed line. If it breaks further down, the target will be at 1.1043, the retracement level of 76.4% presented in a red dashed line.