08.06.202008:00 Forex Analysis & Reviews: Indicator analysis. Daily review on EUR / USD for June 8, 2020

Trend analysis (Fig. 1).

Today, the downward trend may continue from the level of 1.1294 (closing of the Friday afternoon candle) with the target of 1.1208 - a 23.6% retracement level (presented in a red dashed line). There is a possibility that the price may continue to move down from this level with the target of 1.1099 - a 38.2% retracement level (presented in a red dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price will continue to move down with the target of 1.1208 - a 23.6% retracement level (presented in a red dashed line). There is a possibility that the price may continue to move down from this level with the target of 1.1099 - a 38.2% retracement level (presented in a red dashed line).

Another possible scenario is an upward trend from 1.1208 - a 23.6% pullback level (presented in a red dotted line) with the target at the resistance line 1.1375 (presented in a white bold line).