Indicator analysis. Daily review on EUR / USD for August 26, 2020

Trend analysis (Fig. 1).

The market may move down from the level of 1.1836 (closing of yesterday's daily candle) with the first target of 1.1779 - a 23.6% pullback level (red dotted line). If this level is reached, the downward trend may continue with the next target at the support level of 1.1697 (black bold line).

Figure: 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today the price may begin to move downward with the target of 1.1779 - a 23.6% pullback level (red dotted line). If this level is reached, the downward trend may continue with the next target at the support level of 1.1697 (black bold line).

Another possible scenario is, upon reaching 1.1779 - a 23.6% pullback level (red dotted line), the price may begin to move up with the target at the historical resistance level of 1.1912 (blue dotted line).

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