Indicator analysis. Daily review on September 9, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, the continuation of the downward movement with the target of 1.1007 is possible - a pullback level of 50.0% (blue dashed line).

analytics5d75d8aa4401f.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Monday, the downward movement will continue.

The first lower target of 1.1007 is a pullback level of 50.0.% (blue dashed line), when breaking through the next target of 1.0988 – a pullback level of 61.8% (blue dashed line).

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