FX.co ★ Indicator analysis: Daily review of EUR/USD on March 16, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0577 (closing of yesterday's daily candle) to 1.0638, the 23.6% pullback level (red dotted line). From this level, the price may continue to move up.

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 1.0577 (closing of yesterday's daily candle) to 1.0638, the 23.6% pullback level (red dotted line). From this level, the price may continue to move up.

Alternatively, the price may move upward from the level of 1.0577 (closing of yesterday's daily candle) to 1.0591, the 14.6% pullback level (red dotted line). From this level, a downward movement is possible to 1.0516, the lower fractal (red dotted line), where the price may move up.