23.09.202410:09 Forex Analysis & Reviews: Indicator analysis of EUR/USD for week from September 23 to 28

Relevance up to 03:00 2024-09-28 UTC--4

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Trend-following analysis (figure 1)

On Monday, the market may try to start moving down from the level of 1.3318 (Friday's daily candle close), targeting 1.3289 – the 14.6% retracement level (red dashed line). From this level, the price is likely to continue moving up towards 1.3339 – the upper fractal (red dashed line).

Figure 1 (daily chart)

Complex analysis

Indicator analysis – down

Fibonacci levels – down

Trade volume – down

Candlestick analysis – down

Trend-following analysis – up

Bollinger bands – down

Weekly chart – down

Conclusion

Today, from the level of 1.3318 (Friday's daily candle close), the price will attempt to start moving down towards 1.3289 – the 14.6% retracement level (red dashed line). From this level, EUR/USD may continue moving up towards 1.3339 – the upper fractal (red dashed line).

Alternative scenario. From the level of 1.3318 (Friday's daily candle close), the price will attempt to start moving down towards 1.3289 – the 14.6% retracement level (red dashed line). From this level, the instrument may continue moving down towards 1.3259 – the 23.6% retracement level (red dashed line).

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