FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for March 25, 2021

Trend analysis (Fig. 1).

Today, the market may continue to move downwards from the level of 1.1812 (the closing of yesterday's daily candlestick) with the target of 1.1778 – the 76.4% retracement level (red dotted line). When testing this level, it is likely to work upwards with the target of 1.1907, the resistance line (red bold 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 market may continue to move downwards from the level of 1.1812 (the closing of yesterday's daily candlestick) with the target of 1.1778 – the 76.4% retracement level (red dotted line). When testing this level, it is likely to work upwards with the target of 1.1907 resistance line (red bold line).

Alternative scenario: from the level of 1.1812 (the closing of yesterday's daily candlestick), the pair may start moving up with the target of 1.1848 – the 23.6% retracement level (blue dotted line).