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26.05.2023 09:38 AM
Indicator analysis: Daily review of EUR/USD on May 26, 2023

Trend analysis (Fig. 1).

The market may move upward from the level of 1.0724 (closing of yesterday's daily candle) to 1.0763, the 14.6% pullback level (red dotted line). When testing this level, the price may continue to move up.

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0724 (closing of yesterday's daily candle) to 1.0763, the 14.6% pullback level (red dotted line). When testing this level, the price may continue to move up.

Alternatively, the price may move upward from the level of 1.0724 (closing of yesterday's daily candle) to 1.0763, the 14.6% pullback level (red dotted line). When testing this level, the price may move down.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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