Indicator analysis: Daily review of EUR/USD on April 5, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0951 (closing of yesterday's daily candle) to the target at 1.0930, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible with the target at 1.1014, the upper limit of the Bollinger band indicator (black dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0951 (closing of yesterday's daily candle) to the target at 1.0930, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible with the target at 1.1014, the upper limit of the Bollinger band indicator (black dotted line).

Alternatively, the price may move downward from the level of 1.0951 (closing of yesterday's daily candle) to the target at 1.0911, the 5-day EMA (thin red line). Upon reaching this level, an upward movement is possible with the target at 1.0973, the upper fractal (daily candle from 04/04/2023).