FX.co ★ Indicator analysis of EUR/USD for April 5, 2022

Trend analysis (Fig. 1).

The market may move up from the level of 1.0972 (close of yesterday's daily candle) to 1.1026, the 13-period EMA (yellow thin line). In case of testing this level, the price may continue to move upward to 1.1064, the 38.2% retracement level (blue dotted line). From this level, downward movement is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

The price may move up from the level of 1.0972 (close of yesterday's daily candle) to 1.1026, the 13-period EMA (yellow thin line). In case of testing this level, the price may continue to move upward to 1.1064, the 38.2% retracement level (blue dotted line). From this level, downward movement is possible.

Alternative scenario: from the level of 1.0972 (close of yesterday's daily candle), the price may move down to the resistance level of 1.0948 (thick red line). In case of testing this level, the price may move up to 1.0965, the 14.6% retracement level (blue dotted line). From this level, upward movement is possible.