21.03.202309:46 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on March 21, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0719 (closing of yesterday's daily candle) with the target of 1.0678, the 23.6% pullback level (yellow dotted line). After that, an upward movement is possible with the target of 1.0713, the 38.2% pullback level (red dotted line). Upon reaching this level, the price may continue to move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0719 (closing of yesterday's daily candle) with the target of 1.0678, the 23.6% pullback level (yellow dotted line). After that, an upward movement is possible with the target of 1.0713, the 38.2% pullback level (red dotted line). Upon reaching this level, the price may continue to move up.

Alternatively, the price may move downward from the level of 1.0719 (closing of yesterday's daily candle) to test 1.0659, the 21-period EMA (thin black line). When testing this level, the price may move up.