Indicator analysis. Daily review on EUR / USD for April 28, 2020

Trend analysis (Fig. 1).

Today, the upward trend may continue from 1.0824 - a 76.4% pullback level (presented in a red dashed line) with the first target of 1.0861 - a 50.0% pullback level (presented in a blue dashed line). When this level is broken up, the price may continue to move upward with the target of 1.0892 - a 61.8% retracement level (presented in a blue dashed line). From this level, it is likely that the price will roll back down.

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Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

Today, the price may continue to move upward with the target at 1.0892 - a 61.8% retracement level (presented in a blue dashed line).

Another possible scenario is a bearish trend from 1.0830 - a 38.2% pullback level (presented in a blue dashed line) with a target at the lower fractal 1.0728 (presented in a blue dashed line).

The material has been provided by InstaForex Company - www.instaforex.com