21.02.202309:30 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on February 21, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0684 (closing of yesterday's daily candle) to test 1.0661, the 23.6% pullback level (red dotted line). From this level, continued downward movement is possible to 1.0618, the 14.6% pullback level (red dotted line). When testing this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0684 (closing of yesterday's daily candle) to test 1.0661, the 23.6% pullback level (red dotted line). From this level, continued downward movement is possible to 1.0618, the 14.6% pullback level (red dotted line). When testing this level, the price may move up.

Alternatively, the price may move downward from the level of 1.0684 (closing of yesterday's daily candle) to test 1.0661, the 23.6% pullback level (red dotted line). When testing this level, an upward movement is possible to 1.0732, the 38.2% pullback level (red dotted line).