Indicator analysis. Daily review on EUR/USD for April 7, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.0795 (closing of yesterday's candle) the pair may begin a pullback upward movement with the target at 1.0840 - a pullback level of 23.6% (red dashed line). If this level is reached, the upward work will continue with the target of 1.0965 - the retracement level of 38.2% (red dashed line).


Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

Today, the price will try to start moving up with the target at 1.0965 - a pullback level of 38.2% (red dashed line).

An unlikely scenario: from a pullback level of 23.6% - 1.0840 (red dashed line), work down, with a target of 1.0758 - a pullback level of 76.4% (blue dashed line).

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