FX.co ★ Indicator analysis: Daily review of EUR/USD on February 2, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0989 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, the price may move down.

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 may move upward from the level of 1.0989 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0989 (closing of yesterday's daily candle) to 1.1032, the 76.4% pullback level (blue dotted line). From this level, continued upward movement is possible to 1.1101, the upper limit of the Bollinger line indicator (black dotted line). From this level, the price may move down.