Indicator analysis: Daily review of EUR/USD on August 14, 2023
August 14, 2023 8:24 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0912, the lower fractal (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;
Fibonacci levels – down;
Volumes – down;
Candlestick analysis – down;
Trend analysis – down;
Bollinger bands – down;
Weekly chart – down.
General conclusion:
Today, the price may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0912, the lower fractal (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0879, the 61.8% pullback level (red dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0912, the lower fractal (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0912, the lower fractal (blue dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
Alternatively, the price may move downward from the level of 1.0945 (closing of Friday’s daily candle) with the target at 1.0879, the 61.8% pullback level (red dotted line). In the case of testing this level, an upward movement is possible to 1.0965, the 14.6% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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