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Indicator analysis. Daily review of EUR / USD pair for May 10, 2018

On Thursday, the following strong calendar news comes out:

- 12.30 London time. USD, the basic consumer price index (CPI) (m / m) (Apr), the expected value is 0.2% compared to the previous value of 0.2%.

Trend analysis (Figure 1).

On Wednesday, the price continued its downtrend, based on the weekly schedule. On Thursday, the downward movement may stop. A complex analysis will more accurately determine where the price will go next.


Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Thursday, the market will move upward in the rollback along the side of the channel towards the first target of 1.1930, with the retracement level of 14.6%.

The material has been provided by InstaForex Company -