FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for March 11, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1928 (closing of yesterday's daily candlestick) may continue to move up with the target of 1.1991 - the 38.2% retracement level (white dotted line). When testing this level, it is possible to continue working up with the target of 1.2039 - the 50% retracement level (white dotted line).

Figure 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 market from the level of 1.1928 (closing of yesterday's daily candlestick) may start moving up with the target of 1.1991 - the 38.2% retracement level (white dotted line). When testing this level, it is possible to continue working up with the target of 1.2039 - the 50% retracement level (white dotted line).

Unlikely scenario: from the level of 1.1928 (closing of yesterday's daily candlestick), the pair may start moving down with the target of 1.1887 - the 61.8% retracement level (red dotted line).