24.03.202309:45 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on March 24, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0832 (closing of yesterday's daily candle) to 1.0696, the 38.2% pullback level (yellow dotted line). When testing this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• Trend analysis - up;
• Bollinger bands - down;
• Weekly chart - up.

General conclusion:

Today, the price may move downward from the level of 1.0832 (closing of yesterday's daily candle) to 1.0696, the 38.2% pullback level (yellow dotted line). When testing this level, the price may move up.

Alternatively, the price may move downward from the level of 1.0832 (closing of yesterday's daily candle) to 1.0746, the 61.8% pullback level (blue dotted line). When testing this level, an upward movement is possible with the target of 1.0835, the 61.8% pullback level (red dotted line).