11.03.202409:03 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 11, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0937 (closing of Friday's daily candlestick) to 1.0969, the 61.8% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

Today, the price may move upward from the level of 1.0937 (closing of Friday's daily candlestick) to 1.0969, the 61.8% pullback level (red dotted line). In the case of testing this level, a continued upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Alternatively, from the level of 1.0937 (closing of Friday's daily candlestick), the price may move upward to 1.0969, the 61.8% pullback level (red dotted line). In the case of testing this level, a downward movement is possible to 1.0945, the 161.8% pullback level (yellow dotted line).