FX.co ★ Indicator analysis: Daily review of EUR/USD on September 1, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0886, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0886, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may continue to move up.

Alternatively, the price may move downward from the level of 1.0842 (closing of yesterday's daily candle) to 1.0769, the historical resistance level (blue dotted line). In the case of testing this level, an upward movement is possible to the target level at 1.0839, the 14.6% pullback level of (blue dotted line).