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FX.co ★ Indicator analysis: EUR/USD daily review on December 27, 2022

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Forex Analysis:::2022-12-27T07:27:41

Indicator analysis: EUR/USD daily review on December 27, 2022

Trend analysis (Fig. 1)

EUR/USD may attempt to move up this Tuesday, starting from the closing of yesterday's daily candle at 1.0635 to the upper fractal at 1.0736 (blue dotted line). Upon reaching this, the pair will pullback to the resistance level of 1.0658 (thick white line), then resume climbing upwards.

Indicator analysis: EUR/USD daily review on December 27, 2022

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: EUR/USD will rise from 1.0635 (closing of yesterday's daily candle) to 1.0736, which is the upper fractal (blue dotted line), go down to the resistance level of 1.0658 (thick white line), then resume climbing upwards.

Alternatively, the pair could go up from 1.0635 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dashed line), then rebound downwards.

Analyst InstaForex
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