FX.co ★ Indicator analysis. Daily review of EUR/USD on March 5, 2020

Trend analysis (Fig. 1).

Today, from the support line 1.1122 (white bold line) the price can continue to move up with the target at the upper fractal 1.1215 (blue dashed line).

Continuation of work up upon reaching this level.

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:

Today, from the support line 1.1122 (white bold line) the price can continue to move up, with the target at the upper fractal 1.1215 (blue dashed line).

An unlikely scenario is from the support line of 1.1122 (white bold line), work down with the target of 1.1048, the retracement level of 38.2% (blue dashed line). Upon reaching this level, work up.