FX.co ★ Indicator analysis: EUR/USD daily review on April 1, 2022

Trend analysis (Fig. 1)

EUR/USD may attempt to move up this Friday, from the closing of yesterday's daily candle at 1.1065 to the 50.0% retracement level at 1.1145 (dashed blue line). Then, it will go to the 61.8% retracement level at 1.1224 (dashed blue line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels -uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: EUR/USD will rise from 1.1073 (closing of yesterday's daily candle) to 1.1145, which is the 50.0% retracement level (dashed blue line). After that it will move to the 61.8% retracement level at 1.1224 (dashed blue line).

Alternatively, the pair could go down from 1.1073 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1036 (yellow dotted line), then bounce back to the historical resistance level at 1.1190 (dashed blue line). A further increase to higher price levels is possible.