Indicator analysis. Daily review for June 7, 2019 for the EUR / USD currency pair
June 7, 2019 8:21 am
Trend analysis (Fig. 1).
On Friday, before the news, the price will move down to the side channel. After working out the news – (according to the forecast – upward movement), the downward trend will continue with the first target of 1.1233 – a pullback level of 38.2% (yellow dashed line). Much will depend on the news that comes out at 12.30 Universal time.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – up;
– candlestick analysis – down;
– trend analysis – up;
– Bollinger lines – up;
– weekly schedule – up.
General conclusion:
On Friday, before the news, the price will move down to the side channel. After working out the news – (according to the forecast – upward movement), the downward trend will continue with the first target of 1.1233 – a pullback level of 38.2% (yellow dashed line). Much will depend on the news that comes out at 12.30 Universal time.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
On Friday, before the news, the price will move down to the side channel. After working out the news – (according to the forecast – upward movement), the downward trend will continue with the first target of 1.1233 – a pullback level of 38.2% (yellow dashed line). Much will depend on the news that comes out at 12.30 Universal time.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – up;
– candlestick analysis – down;
– trend analysis – up;
– Bollinger lines – up;
– weekly schedule – up.
General conclusion:
On Friday, before the news, the price will move down to the side channel. After working out the news – (according to the forecast – upward movement), the downward trend will continue with the first target of 1.1233 – a pullback level of 38.2% (yellow dashed line). Much will depend on the news that comes out at 12.30 Universal time.
The material has been provided by InstaForex Company – www.instaforex.com
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