Indicator analysis. Daily review on May 17, 2019 for the EUR / USD pair

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.

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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