FX.co ★ Indicator analysis: Daily review of EUR/USD on August 24, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0914, the 23.6% pullback level (blue dotted line). From 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 - down;
• Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0914, the 23.6% pullback level (blue dotted line). From this level, the price may move down.

Alternatively, the price may move upward from the level of 1.0863 (closing of yesterday's daily candle) to 1.0903, the 13-day EMA (yellow thin line). From this level, a continued upward movement is possible to the target level at 1.0928, the 21-day EMA (black thin line). In the case of testing this level, the price may move down.