FX.co ★ Indicator analysis: Daily review of EUR/USD on September 4, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0775 (closing of Friday's daily candle) to the target at 1.0840, the 14.6% pullback level (blue dotted line). In the case of testing this level, the price may move down.

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0775 (closing of Friday's daily candle) to the target at 1.0840, the 14.6% pullback level (blue dotted line). In the case of testing this level, the price may move down.

Alternatively, the price may move downward from the level of 1.0775 (closing of Friday's daily candle) to the 1.0706 support level (thick red line). In the case of testing this level, the price may move up.