Indicator analysis. Daily review on May 17, 2019 for the EUR / USD pair
May 17, 2019 8:25 am
Trend analysis (Fig. 1).
Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – up;
– volumes – up;
– candle analysis – top;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – up;
– volumes – up;
– candle analysis – top;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
Today, the price can continue to move down with the goal of 1.1148 – the pullback level of 76.4% (yellow dotted line). Upon reaching this level, there might be a possible upward movement.
The material has been provided by InstaForex Company – www.instaforex.com
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