Indicator analysis. Daily review of July 12, 2019 for the EUR / USD currency pair

On Thursday, technical analysis gave a strong upward, but the news made its own adjustment and the pair, after a strong top, went quite far down and closed with a question. Today, the upward trend will continue. Strong calendar news is expected at 12.30 Universal time (dollar).

Trend analysis (Fig. 1).

On Friday, the upward movement will continue with the first target of 1.1287 - the upper fractal.

analytics5d282cf4b5746.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis is neutral;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

On Friday, the upward movement will continue with the first target of 1.1287 - the upper fractal.

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