FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for April 2, 2021

Trend analysis (Fig. 1).

On Friday, from the level of 1.1776 (closing of yesterday's daily candlestick), the market will move upwards and try to reach the 38.2% retracement level, 1.1813 (blue dotted line). In case of testing this level, it is likely to work upwards with the target of 1.1880 - the 50% retracement level (blue dashed line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger lines - up;
• Weekly chart - up.

General conclusion:

Today, from the level of 1.1776 (closing of yesterday's daily candlestick), the price will move upwards and try to reach the 38.2% retracement level, 1.1813 (blue dotted line). In case of testing this level, it is likely to work upwards with the target of 1.1880 - the 50% retracement level (blue dashed line).

Unlikely scenario: the price from the level of 1.1776 (closing of yesterday's daily candle) will move down and try to reach the 85.4% retracement level, 1.1711 (red dotted line). In case of testing this level, it is possible to continue working downward with the target of 1.1640 - the lower border of the Bollinger line indicator (black dashed line).