FX.co ★ Indicator analysis: Daily review of EUR/USD on October 10, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0566 (closing of yesterday's daily candle) to test 1.0603, the 21-period EMA (thin black line). Upon testing this level, a continued upward movement is possible with a target of 1.0643, the 23.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis :

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

General conclusion: Today, the price may move upward from the level of 1.0566 (closing of yesterday's daily candle) to test 1.0603, the 21-period EMA (thin black line). Upon testing this level, a continued upward movement is possible with a target of 1.0643, the 23.6% pullback level (red dotted line).

Alternatively, the price may move upward from the level of 1.0566 (closing of yesterday's daily candle) to test 1.0603, the 21-period EMA (thin black line). Upon testing this level, a downward movement is possible with a target of 1.0569, the 14.6% pullback level (red dotted line).