15.10.202110:44 Forex Analysis & Reviews: Analysis of indicators in EUR/USD. Daily review dated October 15, 2021

Trend analysis (Fig. 1)

EUR / USD may climb from 1.1595 (closing of yesterday's daily candle) to the upper fractal (daily candle from 10/14/2021) - 1.1624, followed by another increase to the 38.2% retracement level (yellow dashed line) - 1.1671.

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: EUR/USD may rise today from 1.1595 (closing of yesterday's daily candle) to the upper fractal - 1.1624 (daily candle from 10/14/2021), and then climb to the 38.2% retracement level (yellow dashed line) - 1.1671.

Unlikely scenario: EUR/USD will drop from 1.1595 (closing of yesterday's daily candle) to the 50.0% retracement level (red dotted line) - 1.1574, and then rise to the upper fractal (red dotted line) - 1.1624.