Indicator Analysis of EUR/USD on March 5, 2024

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05.03.2024 09:08 AM




Trend analysis (Fig. 1).The EUR/USD currency pair may move downward from the level of 1.0854 (closing of yesterday's daily candle) to test the historical support level at 1.0836 (blue dotted line). After that, an upward movement is possible to the 38.2% pullback level at 1.0864 (red dotted line), where the price may continue to rise. Fig. 1 (daily chart).Comprehensive analysis:Indicator analysis – down;Volumes – down;Candlestick analysis – down;Trend analysis – up;Bollinger bands – up;Weekly chart – up.General conclusion: Today,




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