FX.co ★ Indicator analysis: Daily review of EUR/USD on March 17, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0613 (closing of yesterday's daily candle) to 1.0696, the historical resistance level (blue dotted line). When testing this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0613 (closing of yesterday's daily candle) to 1.0696, the historical resistance level (blue dotted line). When testing this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0613 (closing of yesterday's daily candle) to 1.0679, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move downward with the target of 1.0551, the lower fractal (red dotted line).