FX.co ★ Indicator analysis: Daily review of EUR/USD on March 1, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible to 1.0650, the 23.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible to 1.0650, the 23.6% pullback level (red dotted line).

Alternatively, the price may move upward from the level of 1.0575 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with the target at the 1.0563 support level (thick blue line).