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Indicator analysis. Daily review on October 2, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Wednesday, after a repeated unsuccessful attempt to break through the pullback level of 23.6% - 1.0935 (blue dashed line), the price may possibly make a pullback move down with the target 1.0921 - the target level is 168.2% (red dashed line). From this level, there is a good opportunity to work up with the target of 1.0968 - a pullback level of 38.2% (blue dashed line).

analytics5d9448f412a81.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Wednesday, an upward movement is possible.

The upper target of 1.0968 is a pullback level of 38.2% (blue dashed line).

The intermediate target is 1.1049 - the upper fractal.

An unlikely scenario is lower work with the target of 1.0880 - lower fractal.

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