Indicator analysis. Daily review on EUR / USD for September 1, 2020

Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.1939 (closing of yesterday's daily candle) with the target at 1.2104 - a 76.4% pullback level (blue dotted line). From here, the price may continue to move upward with the next target at 1.2275 - an 85.4% pullback level (blue dotted line).

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Figure: 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today, the price may continue to move upward from the level of 1.1939 (closing of yesterday's daily candle) with the target at 1.2104 - a 76.4% pullback level (blue dashed line).

Another possible scenario is upon reaching 1.2102 - a 76.4% pullback level (blue dashed line), the price may move down with the target of 1.1966 - a 14.6% pullback level (red dashed line).

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