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Indicator analysis: Daily review on EUR/USD for January 27, 2020

Trend analysis (Fig. 1).

There will be a downward movement today with the first target 1.0998, the lower fractal presented in a red dashed line. Upon reaching this level, it is possible to work upward with the goal of 1.1020, the retracement level of 14.6% presented in a blue dashed line.

analytics5e2e855f39672.png

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:

A downward movement is expected today with the first target and the lower 1.0998.

An unlikely but possible scenario is from the level of 1.1027, Friday afternoon's closing candle, the price will go up to the resistance line 1.1064, presented in a white bold line.

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