FX.co ★ Indicator analysis: Daily review of EUR/USD on February 15, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0736 (closing of yesterday's daily candle) to 1.0710, the 14.6% pullback level (red dotted line). Upon reaching this level, an upward movement is possible with the target at 1.0799, the 38.2% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0736 (closing of yesterday's daily candle) to 1.0710, the 14.6% pullback level (red dotted line). Upon reaching this level, an upward movement is possible with the target at 1.0799, the 38.2% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0736 (closing of yesterday's daily candle) to 1.0679, the 23.6% pullback level (yellow dotted line). Upon reaching this level, an upward movement is possible with the target at 1.0710, the 14.6% pullback level (red dotted line).