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Indicator analysis. Daily review of EUR/USD on March 25, 2020

Trend analysis (Fig. 1).

Today, from the level of 1.0786 (closing of yesterday's candle) the price will try to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, further work down with the target of 1.0889, a retracement level of 23.6.% (Blue dashed line).

analytics5e7afdde9576d.jpg

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, from the level of 1.0786 (closing of yesterday's candle) the price will try to continue to move up with the target of 1.0965, a retracement level of 38.2% (red dashed line). If this level is reached, further work down with the target of 1.0889, a retracement level of 23.6.% (Blue dashed line).

An unlikely scenario: from a pullback level of 23.6% - 1.0840 (red dashed line), work down, with the target at the lower fractal 1.0637 (red dashed line).

The material has been provided by InstaForex Company - www.instaforex.com