logo

FX.co ★ Indicator analysis. Daily review of EUR/USD on March 25, 2020

Indicator analysis. Daily review of EUR/USD on March 25, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.0786 (closing of yesterday's candle) the price will try to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, further work down with the target of 1.0889, a retracement level of 23.6.% (Blue dashed line).

Indicator analysis. Daily review of EUR/USD on March 25, 2020

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 level of 1.0786 (closing of yesterday's candle) the price will try to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, further work down with the target of 1.0889, a retracement level of 23.6.% (Blue dashed line).

An unlikely scenario: from a pullback level of 23.6% - 1.0840 (red dashed line), work down, with the target at the lower fractal 1.0637 (red dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account