FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for March 29, 2021

Trend analysis (Fig. 1).

Today, the market will move upward from the level of 1.1793 (closing of last Friday's daily candlestick) and may test the 23.6% retracement level - 1.1815 (blue dotted line). If this level is tested, the price may continue to move up, with a target of 1.1849 – the 38.2% retracement level (blue dotted line).

Figure 1 (Daily Chart).

Comprehensive analysis:

• Indicator analysis – up;
• Fibonacci levels – up;
• Volumes – up;
• Candlestick analysis – up;
• Trend analysis-up;
• Bollinger bands – up;
• Weekly chart – up.

General conclusion:

Today, the price will move upward from the level of 1.1793 (closing of last Friday's daily candlestick) and may test the 23.6% retracement level - 1.1815 (blue dotted line). If this level is tested, the price may continue to move up, with a target of 1.1849 – the 38.2% retracement level (blue dotted line).

Alternative scenario: from the level of 1.1793 (closing of last Friday's daily candlestick), the price may move down and may retest the lower fractal - 1.1762 (blue dotted line). If this level is tested, the price may start moving up with the target of 1.1811 - the historical resistance level (blue dotted line).