Indicator analysis: Daily review of EUR/USD on September 15, 2023
September 15, 2023 8:24 am
Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching the historical resistance level at 1.0707 (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;
Fibonacci levels – up;
Candlestick analysis – down;
Trend analysis – up;
Bollinger bands – bottom;
Weekly chart – up.
General conclusion:
Today, the price may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching the historical resistance level at 1.0707 (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
Alternatively, the price may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching 1.0725, the 14.6% pullback level (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching the historical resistance level at 1.0707 (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching the historical resistance level at 1.0707 (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
Alternatively, the price may move upward from the level of 1.0642 (closing of yesterday’s daily candle) with the target of reaching 1.0725, the 14.6% pullback level (blue dotted line). In the case of testing this level, a downward pullback movement is possible.
The material has been provided by InstaForex Company – www.instaforex.com
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