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Indicator analysis: Daily review of EUR/USD on April 27, 2023
April 27, 2023 9:23 amVideo
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Trend analysis (Fig. 1).
The market may move upward from the level of 1.1041 (closing of yesterday’s daily candle) to 1.1101, the upper limit of the Bollinger line indicator (black dotted line). From this level, a downward movement is possible with the target at 1.1032, the 76.4% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.1041 (closing of yesterday’s daily candle) to 1.1101, the upper limit of the Bollinger line indicator (black dotted line). From this level, a downward movement is possible with the target at 1.1032, the 76.4% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.1041 (closing of yesterday’s daily candle) to 1.1091, the upper fractal (yellow dotted line). From this level, the price may continue to move upward to 1.1208, the 85.4% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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