FX.co ★ Indicator analysis: Daily review of EUR/USD on March 6, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0634 (closing of Friday's daily candle) to 1.0650, the 23.6% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0723, the 38.2% pullback level (red dotted line).

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:

Today, the price may move upward from the level of 1.0634 (closing of Friday's daily candle) to 1.0650, the 23.6% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0723, the 38.2% pullback level (red dotted line).

Alternatively, the price may move upward from the level of 1.0634 (closing of Friday's daily candle) to 1.0650, the 23.6% pullback (red dotted line). When testing this level, the price may move downward to the 1.0592 support level (thick blue line).