empty
 
 
20.03.2024 09:05 AM
Indicator Analysis of EUR/USD on March 20, 2024

Trend analysis (Fig. 1).

The EUR/USD currency pair may move upward from the level of 1.0864 (closing of yesterday's daily candle) to 1.0883, the 8-period EMA (blue thin line). In the case of testing this level, a continued upward movement is possible with a target at the 1.0909 resistance level (white thick line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – up;
  • Fibonacci levels – up;
  • Volumes – up;
  • Candlestick analysis – up;
  • Trend analysis – up;
  • Bollinger bands – up;
  • Weekly chart - up.

General conclusion: Today, the price may move upward from the level of 1.0864 (closing of yesterday's daily candle) to 1.0883, the 8-period EMA (blue thin line). In the case of testing this level, a continued upward movement is possible with a target at the 1.0909 resistance level (white thick line).

Alternatively, from the level of 1.0864 (closing of yesterday's daily candle), the price may move upward to 1.0883, the 8-period EMA (blue thin line). In the case of testing this level, a downward movement is possible with a target at the 1.0839 support level (blue thick line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Sergey Belyaev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback