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28.02.202409:01 Forex Analysis & Reviews: Indicator Analysis of EUR/USD on February 28, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0843 (closing of yesterday's daily candle) to 1.0822, the 8-period EMA (blue thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).

Exchange Rates 28.02.2024 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

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

General conclusion: Today, the price may move downward from the level of 1.0843 (closing of yesterday's daily candle) to 1.0822, the 8-period EMA (blue thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).

Alternatively, from the level of 1.0843 (closing of yesterday's daily candle), the price may move downwards to 1.0815, the 21-period EMA (black thin line). In the case of testing this level, an upward movement is possible with a target of 1.0864, the 38.2% pullback level (red dotted line).

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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