13.03.202409:08 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 13, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0927 (closing of yesterday's daily candle) to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0969, the 61.8% pullback level (red 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.

General conclusion: today, the price may move upward from the level of 1.0927 (closing of yesterday's daily candle) to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0969, the 61.8% pullback level (red dotted line).

Alternatively, from the level of 1.0927 (closing of yesterday's daily candle), the price may move upward to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0913, the 23.6% pullback level (blue dotted line).