Trade Analysis & Reviews: 27.02.2023 - Indicator analysis: Daily...

27.02.2023 09:29 AM

Indicator analysis: Daily review of EUR/USD on February 27, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0545 (closing of Friday's daily candle) to 1.0608, the 14.6% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0653, the 23.6% pullback level (red dotted line).

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion:

Today, the price may move upward from the level of 1.0545 (closing of Friday's daily candle) to 1.0608, the 14.6% pullback level (red dotted line). When testing this level, continued upward movement is possible with the target of 1.0653, the 23.6% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0545 (closing of Friday's daily candle) to 1.0515, the 50.0% pullback level (blue dotted line). When testing this level, an upward movement is possible with the target of 1.0608, the 14.6% pullback level (red dotted line).

You have already liked this post today

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

Technical analysis