Indicator analysis. Daily review on EUR / USD for July 20, 2020

Trend analysis (Fig. 1).

Today, a downward rollback is possible from the level of 1.1430 (closing of the Friday afternoon candle) with the target at 1.1386 - a 23.6% pullback level (blue dotted line). If this level is reached, the downward movement may continue with the next target at 1.1345 - a 38.2% pullback level (blue dashed line).

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Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

Today the price may roll back down with the target of 1.1386 - a 23.6% pullback level (blue dotted line). If this level is reached, the downward movement may continue with the next target at 1.1345 - a 38.2% pullback level (blue dashed line).

Another possible scenario is an upward trend after reaching 1.1411 - a 14.6% pullback level (blue dashed line) with the target at the upper fractal 1.1453.

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