FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for March 30, 2021

Trend analysis (Fig. 1).

Today, the market will try to continue moving down from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1711 - the 85.4% retracement level (red dotted line). After testing this level, the price may start working upwards to the target at 1.1811 - the historical resistance level (blue dashed line). Once this level is tested, it may further rise to the target at 1.1848 - the retracement level of 38.2% (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - down;
• Fibonacci levels - down;
• Volumes - down;
• Candlestick analysis - down;
• rend analysis - down;
• Bollinger lines - down;
• Weekly chart - down.

General conclusion:

Today, the price will try to continue moving down from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1711 - the 85.4% retracement level (red dotted line). After testing this level, the price may start working upwards to the target at 1.1811 - the historical resistance level (blue dashed line). Once this level is tested, it may further rise to the target at 1.1848 - the 38.2% retracement level (blue dashed line).

Alternative scenario: the price will try to move upwards from the level of 1.1763 (closing of yesterday's daily candlestick) to the target at 1.1794 - the 14.6% retracement level (blue dashed line). After testing this level, the price may continue to work upward with the target at 1.1815 - the 23.6% retracement level (blue dashed line).