Indicator analysis: Daily review on December 2, 2019, on the EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, the first lower goal is to achieve a pullback level of 61.8%, equivalent to 1.0993 presented in a red dashed line. If successful, the next lower target is 1.0982, the lower fractal presented in a blue dashed line.

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Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - neutral;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

On Monday, a downward movement is possible.

The first lower target is the retracement level of 61.8% which is equivalent to 1.0993 presented in a red dashed line. If successful, the next lower target is 1.0982, the lower fractal in blue dashed line.

An unlikely but possible scenario is an upward movement with a target of 1.1040 which is a pullback level of 50% in a blue dashed line.

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