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26.03.202409:05 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 26, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0835 (closing of yesterday's daily candle) to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a continued upward movement is possible to the 38.2% pullback level at 1.0870 (yellow dotted line).

Exchange Rates 26.03.2024 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – 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 1.0835 (closing of yesterday's daily candle) to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a continued upward movement is possible to the 38.2% pullback level at 1.0870 (yellow dotted line).

Alternatively, from the level of 1.0835 (closing of yesterday's daily candle), the price may move upward to test the 38.2% pullback level at 1.0864 (red dotted line). After that, a downward movement is possible to the 23.6% pullback level at 1.0844 (yellow dotted line).

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2024
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