FX.co ★ Indicator analysis: Daily review of EUR/USD on August 30, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0879 (closing of yesterday's daily candle) to the target level at 1.0836, the historical support level (blue dotted line). Upon reaching this level, a continued downward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move downward from the level of 1.0879 (closing of yesterday's daily candle) to the target level at 1.0836, the historical support level (blue dotted line). Upon reaching this level, a continued downward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0879 (closing of yesterday's daily candle) to the target level at 1.0836, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0886, the 23.6% pullback level (red dotted line).