FX.co ★ Indicator analysis: Daily review of EUR/USD on March 27, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0713, the 38.2% pullback level (red dotted line). When testing this level, the price may move upward with the target of 1.0835, the 61.8% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0713, the 38.2% pullback level (red dotted line). When testing this level, the price may move upward with the target of 1.0835, the 61.8% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0760 (closing of Friday's daily candle) to 1.0706, the 21-day EMA (thin black line). When testing this level, an upward movement is possible with the target of 1.0835, the 61.8% pullback level (red dotted line).