FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for March 15, 2021

Today, the market from the level of 1.1951 (closing of last Friday's daily candlestick), while moving down, may retest the 50.0% retracement level - 1.1912 (blue dotted line).

If this level is tested, the price may continue to move down with the target of 1.1894 – the 61.8% retracement level (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.1951 (closing of last Friday's daily candlestick), while moving down, may retest the 50.0% retracement level - 1.1912 (blue dotted line). If this level is tested, the price may continue to move down with a target of 1.1894 – the 61.8% retracement level (blue dotted line).

Unlikely scenario: from the level of 1.1951 (closing of last Friday's daily candlestick), the price may continue to move down to the 50.0% retracement level - 1.1912 (blue dotted line). If this level is tested, the price may start moving up with a target of 1.1991 – the 38.2% retracement level (white dotted line).