FX.co ★ Indicator analysis: Daily review of EUR/USD on April 18, 2023

Trend analysis (Fig. 1).

The market may move upward from the level of 1.0924 (closing of yesterday's daily candle) with the target of 1.0957, the 85.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0884, the 21-day EMA (thin black line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - 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 1.0924 (closing of yesterday's daily candle) with the target of 1.0957, the 85.4% pullback level (red dotted line). When testing this level, a downward movement is possible with the target of 1.0884, the 21-day EMA (thin black line).

Alternatively, the price may move upward from the level of 1.0924 (closing of yesterday's daily candle) to test 1.0937, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move downward with the target of 1.0857, the 38.2% pullback level (yellow dotted line).