FX.co ★ Indicator analysis of EUR/USD for March 18, 2022

Trend analysis (Fig. 1).

The market may move up on Friday from the level of 1.1090 (close of yesterday's daily candle) to 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downwards to the target level of 1.1082, the historical support 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:

Today, the price from the level of 1.1090 (close of yesterday's daily candle) to 1.1145, the 50.0% retracement level (blue dotted line). After testing this level, the price may move downwards to the target level of 1.1082, the historical support level (blue dotted line).

Alternative scenario: from the level of 1.1090 (close of yesterday's daily candle), the price may move downwards to 1.1010, the 38.2% retracement level (yellow dotted line). After testing this level, upward movement is possible.