FX.co ★ Indicator analysis: Daily review of EUR/USD on April 11, 2023

Trend analysis (Fig. 1).

The market may move upward from the level of 1.0859 (closing of yesterday's daily candle) to the target of 1.0910, the 76.4% pullback level (red dotted line). Upon testing this level, a continued upward movement towards 1.0930, the historical resistance level (blue dotted line), is possible. After reaching this level, a downward correction is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - upward;
• Volumes - upward;
• Candle analysis - upward;
• Trend analysis - upward;
• Bollinger lines - upward;
• Weekly chart - upward.

Overall conclusion:

Today, the price may move upward from the level of 1.0859 (closing of yesterday's daily candle) to the target of 1.0910, the 76.4% pullback level (red dotted line). Upon testing this level, a continued upward movement towards 1.0930, the historical resistance level (blue dotted line), is possible. After reaching this level, a downward correction is possible.

Alternatively, the price may move upward from the level of 1.0859 (closing of yesterday's daily candle) to test 1.0910, the 76.4% pullback level (red dotted line). Upon testing this level, a downward movement towards 1.0865, the 23.6% pullback level (yellow dotted line), is possible.