Indicator analysis. Daily review of the EUR/USD currency pair for February 25, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2164 (closing of yesterday's daily candle), may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). Upon testing this level, it is possible to continue working up with a target of 1.2275 – the 85.4% retracement level (yellow 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 market from the level of 1.2164 (closing of yesterday's daily candle), may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). When testing this level, it is possible to continue working up with a target of 1.2275 – the 85.4% retracement level (yellow dotted line).

Unlikely scenario: from the level of 1.2164 (closing of yesterday's daily candle), the price may continue to move up with the target of 1.2234 - the historical resistance level (blue dotted line). Upon testing this level, it is possible to work downwards with a target of 1.2172 – the 38.2% retracement level (red dotted line).

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

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