FX.co ★ Indicator Analysis of EUR/USD on March 12, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0925 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.0969 (red dotted line). After that, a continued upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move upward from the level of 1.0925 (closing of yesterday's daily candle) to test the 61.8% pullback level at 1.0969 (red dotted line). After that, a continued upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Alternatively, from the level of 1.0925 (closing of yesterday's daily candle), the price may move upward to test the 61.8% pullback level at 1.0969 (red dotted line). After that, the price may move down.