FX.co ★ Indicator analysis: Daily review of EUR/USD on August 29, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0818 (closing of yesterday's daily candle) to test 1.0839, the 14.6% pullback level (blue dotted line). Upon testing this level, a downward movement is possible to the target level at 1.0765, the lower fractal (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may rise from 1.0818 (closing of yesterday's daily candle) to test 1.0839, the 14.6% pullback level (blue dotted line). Upon testing this level, a downward movement is possible to the target level at 1.0765, the lower fractal (blue dotted line).

Alternatively, the price may move upward from the level of 1.0818 (closing of yesterday's daily candle) to test 1.0839, the 14.6% pullback level (blue dotted line). Upon testing this level, a downward movement is possible to 1.0728, the 85.4% pullback level (red dotted line).