Indicator analysis: Daily review of EUR/USD on June 30, 2022| FXMAG.COM

Relevance up to 09:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0440 (close of yesterday's daily candle) to test 1.0476, the 23.6% retracement level (red dotted line). Upon reaching this level, the price may continue to move upward to 1.0502, the 38.2% retracement level (red dotted line). From this level, the price may roll back down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0440 (close of yesterday's daily candle) to test 1.0476, the 23.6% retracement level (red dotted line). Upon reaching this level, the price may continue to move upward to 1.0502, the 38.2% retracement level (red dotted line). From this level, the price may roll back down.

Alternative scenario: from the level of 1.0440 (close of yesterday's daily candle), the price may move up to test the historical resistance level 1.0464 (blue dotted line). Upon reaching this level, a downward movement is possible to the lower fractal 1.0433 (red dotted line). When testing this level, the price may move up to 1.0459, the 14.6% retracement level (red dotted line).

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