FX.co ★ Indicator analysis: Daily review of EUR/USD on April 4, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0895 (closing of yesterday's daily candle) to 1.0869, the 14.6% pullback level (yellow dotted line). When testing this level, an upward movement is possible with the target at 1.0930, the upper fractal (yellow dotted line). Upon reaching this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0895 (closing of yesterday's daily candle) to 1.0869, the 14.6% pullback level (yellow dotted line). When testing this level, an upward movement is possible with the target at 1.0930, the upper fractal (yellow dotted line). Upon reaching this level, the price may move down.

Alternatively, the price may move downward from the level of 1.0895 (closing of yesterday's daily candle) to test 1.0832, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move upward with the target at 1.0910, the 76.4% pullback level (red dotted line).