Indicator analysis. Daily review for the EUR/USD currency pair on January 12, 2021

Trend analysis (Fig. 1).

On Tuesday, the market from the level of 1.2150 (closing of yesterday's daily candle) in the morning will try to make an upward movement with the target of 1.2177 - the resistance level (blue bold line). After testing this level, the price can continue to work up, with the target of 1.2234 - the historical resistance 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 bands - up
  • Weekly chart - up

General conclusion:

Today, the price from the level of 1.2150 (closing of yesterday's daily candle) in the morning will try to make an upward movement with the target of 1.2177 - the resistance level (blue bold line). After testing this level, the price can continue to work up, with the target of 1.2234 - the historical resistance level (blue dotted line).

Unlikely scenario: the price from the level of 1.2150 (yesterday's closing daily candle) will try to make a downward movement with the target of 1.2063 - the price from the level of 1.2150 (yesterday's closing daily candle) will try to make a downward movement with the target of 1.2073 - historical support level (blue dotted line).

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