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13.03.202409:08 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 13, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0927 (closing of yesterday's daily candle) to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0969, the 61.8% pullback level (red dotted line).

Exchange Rates 13.03.2024 analysis

Fig. 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 may move upward from the level of 1.0927 (closing of yesterday's daily candle) to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a continued upward movement is possible with a target of 1.0969, the 61.8% pullback level (red dotted line).

Alternatively, from the level of 1.0927 (closing of yesterday's daily candle), the price may move upward to 1.0945, the 161.8% price level (yellow dotted line). In the case of testing this level, a downward movement is possible to 1.0913, the 23.6% pullback level (blue dotted line).

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2024
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