FX.co ★ Indicator Analysis of EUR/USD on February 13, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0770 (closing of yesterday's daily candle) to test 1.0783, the 14.6% pullback level (red dotted line), and after that, a continued upward movement is possible with a target of 1.0821, 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 1.0770 (closing of yesterday's daily candle) to test 1.0783, the 14.6% pullback level (red dotted line), and after that, a continued upward movement is possible with a target of 1.0821, the 23.6% pullback level (red dotted line).

Alternatively, from the level of 1.0770 (closing of yesterday's daily candle), the price may move upward to test the 14.6% pullback level at 1.0783 (red dotted line). From here, a downward movement is possible to 1.0723, the historical support level (blue dotted line). In the case of testing this level, the price may move up.