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

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0667 (closing of yesterday's daily candle) to 1.0631, the 8-day EMA (thin blue line). From this level, the price may move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0667 (closing of yesterday's daily candle) to 1.0631, the 8-day EMA (thin blue line). From this level, the price may move up.

Alternatively, the price may move downward from the level of 1.0667 (closing of yesterday's daily candle) to 1.0605, the 14.6% pullback level (red dotted line). From this level, the price may move upward to 1.0691, the upper fractal (daily candle from 01/03/2023).