FX.co ★ Indicator analysis. Daily review of the EUR/USD currency pair for April 1, 2021

Trend analysis (Fig. 1).

On Thursday, the market may continue to move upward from the level of 1.1729 (closing of yesterday's daily candlestick) to the target at 1.1771 - the 23.6% retracement level (blue dotted line). When testing this level, it is likely to work upwards to the target of 1.1811, the historical resistance 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 lines - up;
• Weekly chart - up.

General conclusion:

Today, from the level of 1.1729 (closing of yesterday's daily candlestick), the market may continue to move upward to the target of 1.1771 - the 23.6% retracement level (blue dashed line). When testing this level, it is likely to work upwards to the target of 1.1813 - the 38.2% retracement level (blue dashed line).

Alternative scenario: from the level of 1.1729 (closing of yesterday's daily candlestick), the pair may start moving down with the target at 1.1633 - the lower border of the Bollinger line indicator (black dashed line). Once the price reaches this level, it may start moving up.