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Indicator analysis. Daily review for May 15, 2019 for the EUR / USD pair

Trend analysis (Fig. 1).

Today, the downward movement can continue with the target of 1.1188 - a rolling level of 50% (yellow dashed line). In case of a breakthrough, the further downward movement with the target of 1.1170 is a pullback level of 61.8% (yellow dashed line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, the downward movement can continue with the target of 1.1188 - a rolling level of 50% (yellow dashed line). In case of a breakthrough, the further downward movement with the target of 1.1170 is a pullback level of 61.8% (yellow dashed line).

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