FX.co ★ Indicator analysis of EUR/USD for March 22, 2022

Trend analysis (Fig. 1).

The market may move down from the level of 1.1018 (close of yesterday's daily candle) to 1.0971, the 50.0% retracement level (yellow dotted line). In case of testing this level, the price may continue to move downward to 1.0932, the 61.8% retracement level (yellow dotted line). From this level, upward movement is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

The price may move down from the level of 1.1018 (close of yesterday's daily candle) to 1.0971, the 50.0% retracement level (yellow dotted line). In case of testing this level, the price may continue to move downward to 1.0932, the 61.8% retracement level (yellow dotted line). From this level, upward movement is possible.

Alternative scenario: from the level of 1.1018 (close of yesterday's daily candle), the price may move downward to 1.0971, the 50.0% retracement level (yellow dotted line). In case of testing this level, the price may move upward to the target level of 1.1064, the 38.2% retracement level (blue dotted line).