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Indicator analysis. The daily review of the currency pair EUR / USD for May 18, 2018

Trend analysis (Figure 1).

On Thursday, traders continued to work down, although in the side channel. On Friday, the market, with a high probability, can roll back a little up. The support line of the uplink channel (1.661) is very close, and the rollback up may be insignificant. The complex analysis will more accurately tell where the price will go.


Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Friday, the market will move up, with the first goal of 1.1880, a pullback level of 14.6% (red dotted line).

The material has been provided by InstaForex Company -