FX.co ★ Indicator analysis: Daily review of EUR/USD on September 27, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0571 (closing of yesterday's daily candle) with a target of 1.0519, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible with a target of 1.0598, the 5-period EMA (red thin line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move downward from the level of 1.0571 (closing of yesterday's daily candle) with a target of 1.0519, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible with a target of 1.0598, the 5-period EMA (red thin line).

Alternatively, the price may move downward from the level of 1.0571 (closing of yesterday's daily candle) with a target of 1.0500, the lower limit of the Bollinger Band indicator (black dotted line). Upon reaching this level, the price may move upward with a target of 1.0598, the 5-period EMA (red thin line).