Indicator analysis. Daily review for July 16, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Tuesday, according to the weekly calculation, the downward movement will continue until the news at 12:30 UTC+00 with the first target of 1.1251 - a rolling back level of 38.2% (yellow dotted line).

analytics5d2d73236773a.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Tuesday, according to the weekly calculation, the downward movement will continue until the news at 12:30 UTC+00 with the first target of 1.1251 - a rolling back level of 38.2% (yellow dotted line).

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