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26.03.202008:32 Forex Analysis & Reviews: Indicator analysis. Daily review of EUR/USD on March 26, 2020

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Trend analysis (Fig. 1).

Today, from the level of 1.0882 (closing of yesterday's candle) the price will attempt to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, the downward movement will continue with the target of 1.0889, a retracement level of 23.6% (Blue dashed line).

Exchange Rates 26.03.2020 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, the price will try to continue to move up.

An unlikely scenario: from a pullback level of 38.2% - 1.0965 (red dashed line), work down, with a target of 1.0802, a pullback level of 50% (blue dashed line).

Stefan Doll
Analytical expert of InstaForex
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