Indicator analysis: Daily review of EUR/USD on August 31, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (black thin line). From this level, an upward movement is possible to the target level at 1.0960, the 50% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

Indicator analysis - down;Fibonacci levels - 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 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (black thin line). From this level, an upward movement is possible to the target level at 1.0960, the 50% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0922 (closing of yesterday's daily candle) to 1.0903, the 21-period EMA (thin black line). From this level, the price may continue to move down to the target level at 1.0879, the 61.8% pullback level (red dotted line). In the case of testing this level, the price may move up.