Indicator analysis. Daily review on EUR/USD for October 27, 2020

Trend Analysis (Figure 1)

Today, the market may begin moving up from the level of 1.1808 (closing of yesterday's daily candle) with the goal of 1.1853, which is a pullback level of 61.8% (blue dotted line). Upon testing this level, the price will further work up, with the goal of 1.1876 - the resistance line (blue dotted line).

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 - down

General conclusion:

Today, the price from the level of 1.1808 (closing of yesterday's daily candle) may continue to move up with the goal of 1.1853, which is a pullback level of 61.8% (blue dotted line). Upon testing this level, the price will further work up, with the goal of 1.1876 - the resistance line (blue dotted line).

Unlikely scenario: when working up to reach the pullback level of 61.8%, which is 1.1853 (blue dotted line), work down with the goal of 1.1777, which is a pullback level of 38.2% (red dotted line).

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