Indicator analysis: Daily review of EUR/USD on September 13, 2023
September 13, 2023 8:25 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move downward from the level of 1.0753 (closing of yesterday’s daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;
Fibonacci levels – down;
Volumes – down;
Candlestick analysis – down;
Trend analysis – up;
Bollinger bands – down;
Weekly chart – up.
General conclusion: Today, the price may move downward from the level of 1.0753 (closing of yesterday’s daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0753 (closing of yesterday’s daily candle) with a target of 1.0707, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0772, 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 1.0753 (closing of yesterday’s daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move downward from the level of 1.0753 (closing of yesterday’s daily candle) with a target of 1.0728, the 85.4% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.0785, the 76.4% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.0753 (closing of yesterday’s daily candle) with a target of 1.0707, the historical support level (blue dotted line). Upon reaching this level, an upward movement is possible to 1.0772, the 14.6% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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