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FX.co ★ Indicator analysis: Daily review of EUR/USD on May 25, 2022

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Forex Analysis:::2022-05-25T07:55:23

Indicator analysis: Daily review of EUR/USD on May 25, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move down from the level of 1.0735 (close of yesterday's daily candle) to the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may continue to move downward with the target of 1.0654, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up.

Indicator analysis: Daily review of EUR/USD on May 25, 2022

Fig. 1 (daily chart).

Comprehensive analysis:

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

Today, the price may move down from the level of 1.0735 (close of yesterday's daily candle) to the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may continue to move downward with the target of 1.0654, the 23.6% retracement level (yellow dotted line). Upon reaching this level, the price may move up.

Alternative scenario: from the level of 1.0735 (close of yesterday's daily candle), the price may move downward with the target of 1.0690, the 14.6% retracement level (yellow dotted line). After testing this level, the price may move upward to the upper fractal at 1.0748 (yellow dotted line).
Analyst InstaForex
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