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FX.co ★ Indicator Analysis: Daily Overview for EUR/USD on February 24, 2025

Indicator Analysis: Daily Overview for EUR/USD on February 24, 2025

Trend Analysis (Fig. 1)

On Monday, the market may start an upward movement from the level of 1.0459, targeting 1.0532— the upper fractal (yellow dashed line). If this level is reached, further price growth towards 1.0558—the upper boundary of the Bollinger Bands indicator (black dashed line)—is possible.

Indicator Analysis: Daily Overview for EUR/USD on February 24, 2025

Comprehensive Analysis:

  • Indicator analysis: Up
  • Fibonacci levels: Up
  • Volumes: Up
  • Candlestick analysis: Up
  • Trend analysis: Up
  • Bollinger Bands: Up
  • Weekly chart: Up

General Conclusion:

A bullish trend is expected.

Alternative Scenario:

The price may start an upward movement from 1.0459 towards 1.0532 (yellow dashed line). Upon reaching this level, a retracement downwards to 1.0496—historical support (blue dashed line)—is possible.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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