Indicator analysis. Daily review for February 6, 2019 for the EUR / USD pair

On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible.

eurusd-d1-instaforex-companies-group.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Wednesday, the price will continue to move down. The first lower target of 1.1377 is the recoiling level of 61.8% (blue dashed line). Then the top is possible.

The material has been provided by InstaForex Company - www.instaforex.com