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

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0731 (closing of yesterday's daily candle) to 1.0778, the 50.0% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with the target of 1.0718, the 23.6% pullback level (yellow dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0731 (closing of yesterday's daily candle) to 1.0778, the 50.0% pullback level (red dotted line). Upon reaching this level, a downward movement is possible with the target of 1.0718, the 23.6% pullback level (yellow dotted line).

Alternatively, the price may move downward from the level of 1.0731 (closing of yesterday's daily candle) to 1.0696, the historical resistance level (blue dotted line). Upon reaching this level, an upward movement is possible with the target of 1.0746, the 61.8% pullback level (blue dotted line).