22.02.202409:33 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on February 22, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may rise from the level of 1.0817 (closing of yesterday's daily candle) to the upper fractal at 1.0838 (blue dotted line). When this level is reached, the price may decline.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may rise from the level of 1.0817 (closing of yesterday's daily candle) to the upper fractal at 1.0838 (blue dotted line). When this level is reached, the price may decline.

Alternatively, from the level of 1.0817 (closing of yesterday's daily candle), the price may rise to the upper fractal at 1.0838 (blue dotted line). Upon reaching this level, a continued upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).