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FX.co ★ Indicator Analysis: Daily Review for EUR/USD on March 10, 2025

Indicator Analysis: Daily Review for EUR/USD on March 10, 2025

Trend Analysis (Fig. 1):

On Monday, the market, starting from 1.0833 (Friday's daily close), may continue moving downward toward 1.0811, which corresponds to the 14.6% retracement level (blue dashed line). If this level is reached, the price may then begin an upward movement toward 1.0909, a historical resistance level (light blue dashed line).

Indicator Analysis: Daily Review for EUR/USD on March 10, 2025

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Comprehensive Analysis:

  • Indicator Analysis – Down
  • Fibonacci Levels – Down
  • Volume Analysis – Down
  • Candlestick Patterns – Down
  • Trend Analysis – Up
  • Bollinger Bands – Down
  • Weekly Chart – Down

Overall Conclusion: The general trend remains bearish.

Alternative Scenario:

If the price continues downward from 1.0833 (Friday's daily close), it may reach 1.0763 (the 23.6% retracement level, blue dashed line). Upon reaching this level, a corrective upward movement toward 1.0909 (historical resistance, light 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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