FX.co ★ Indicator analysis. Daily review for the EUR/USD currency pair on April 9, 2021

Trend analysis (Fig. 1).

On Friday, the market may move downward from the level of 1.1913 (the closing level of yesterday's daily candlestick) and try to reach the 23.6% retracement level, 1.1874 (red dotted line). If this level is tested, it is likely to work upwards to the target set at 1.1927 - the upper fractal (red dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price is expected to move downward from the level of 1.1913 (the closing level of yesterday's daily candlestick) and try to reach the 23.6% retracement level, 1.1874 (red dotted line). If this level is tested, it is likely to work upwards to the target set at 1.1927 - the upper fractal (red dotted line).

Alternative scenario: the price will move down from the level of 1.1913 (the closing level of yesterday's daily candlestick) and try to reach the 23.6% retracement level, 1.1874 (red dotted line). In case of testing this level, it is likely to continue moving down to the target set at 1.1842 - the 38.2% retracement level (red dashed line).