FX.co ★ Indicator analysis: Daily review of EUR/USD on September 13, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward 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 – down;
• Trend analysis – up;
• Bollinger bands – down;
• Weekly chart – up.

General conclusion: Today, the price may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0753 (closing of yesterday's daily candle) with a target of 1.0707, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0772, the 14.6% pullback level (blue dotted line).