26.04.202110:37 Forex Analysis & Reviews: Indicator analysis. Daily review for the EUR/USD pair on April 26, 2021

Trend analysis (Fig. 1).

On Monday, the market from the level of 1.2095 (closing of last Friday's daily candlestick) may continue to move upward with the target of 1.2166 - the level of 161.8% (blue dotted line). If this level is tested, the price may continue to move upward, with the target of 1.2234 - the historical resistance level (blue dotted line).

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 price from the level of 1.2095 (closing of last Friday's daily candlestick) may continue to move upward with the target of 1.2166 - the level of 161.8% (blue dashed line). If this level is tested, the price may continue to move upward with the target of 1.2234 - the historical resistance level (blue dotted line).

Alternative scenario: the price will start moving downwards from the level of 1.2095 (closing of last Friday's daily candlestick) with the target of 1.2056 - the 14.6% retracement level (red dashed line). If this level is tested, the price may continue to move upward to the target set at 1.2166 - the level of 161.8% (blue dashed line).