FX.co ★ Indicator analysis. Daily review of EUR / USD on March 2, 2020

Trend analysis (Fig. 1).

The market may continue to move up today with the target of 1.1126, the resistance line of the downward trend (white bold line). Upon reaching this line, work down with the target of 1.1079, the retracement level of 14.6% (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

A continued upward movement is expected today with the target of 1.1126 - the resistance line of the downward trend (white bold line).

An unlikely scenario is from the level of 1.1029 (closing of the Friday afternoon candle), work down with the target of 1.0993, the retracement level of 38.2% (blue dashed line). Upon reaching this level, the next lower target is 1.0952, the pullback level of 50.0% (blue dashed line).