FX.co ★ Indicator analysis of EUR/USD for March 15, 2022

Trend analysis (Fig. 1).

The market may move up on Monday from the level of 1.0943 (close of yesterday's daily candle) to 1.1064, the 38.2% retracement level (blue dotted line). In case of testing this level, the price may continue to move up to 1.1145, the 50.0% retracement level (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

The price may move up from the level of 1.0943 (close of yesterday's daily candle) to 1.1064, the 38.2% retracement level (blue dotted line). In case of testing this level, the price may continue to move up to 1.1145, the 50.0% retracement level (blue dotted line).

Alternative scenario: from the level of 1.0943 (close of yesterday's daily candle), the price may move down to 1.0897, the 161.8% target level (red dotted line). In case of testing this level, the price may continue to move up to 1.0965, the 23.6% retracement level (blue dotted line).