08.06.202309:45 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on June 8, 2023

Trend analysis (Fig. 1).

The market may move upward from 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may continue to rise with the target of 1.0769, the 21-day EMA (thin black line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the market may move upward from 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may continue to rise with the target of 1.0769, the 21-day EMA (thin black line).

Alternatively, the price may move upward from the level of 1.0697 (closing of yesterday's daily candle) to 1.0743, the 23.6% pullback level (red dotted line). From this level, the price may move down with the target at the 1.0723 support level (thick red line).