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

Trend analysis (Fig. 1).

The breakdown of the support line is unlikely. After testing this line, a pullback is possible with the first target 1.1116 - a pullback level of 14.6% (yellow dashed line).

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Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion: up.

Low probability scenario - the downward movement will continue with the first target 1.1028 - the lower fractal.

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