FX.co ★ Indicator Analysis of EUR/USD on March 14, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0948 (closing of yesterday's daily candle) to 1.0933, the 5-period EMA (red thin line). Upon reaching this level, an upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move downward from the level of 1.0948 (closing of yesterday's daily candle) to 1.0933, the 5-period EMA (red thin line). Upon reaching this level, an upward movement is possible to the upper fractal at 1.0981 (blue dotted line).

Alternatively, from the level of 1.0948 (closing of yesterday's daily candle), the price may move downwards to 1.0913, the 23.6% pullback level (blue dotted line). Upon reaching this level, an upward movement is possible to the upper fractal at 1.0981 (blue dotted line).