Indicator analysis. EUR/USD daily review on November 15, 2021

Trend analysis (Figure 1)

On Monday, the market from the closing level of Friday's daily candle 1.1442 may start moving upwards with the target of 1.1502, a pullback level of 14.6% (yellow dashed line). If this level is tested, there is an upside movement with a target of 1.1545, a pullback level of 23.6% (yellow dotted line).

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Figure 1 (daily chart).

Complex analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger bands - up;

- weekly chart – up

Conclusion:

Today the price from Friday's daily candle closing level of 1.1442 may start an upward movement with the target 1.1502, the 14.6% pullback level (yellow dotted line). If this level is tested, there is an upside movement with a target of 1.1545, a pullback level of 23.6% (yellow dotted line).

Unlikely scenario: price from Friday's daily candle closing level of 1.1442 could continue to move downwards with a target of 1.1420, the 161.8% target level (blue dotted line). If this level is tested, upside movement is possible with a target of 1.1502, a 14.6% pullback level (yellow dotted line).

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

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