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Indicator analysis. Daily review for July 8, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, the price may continue the downward trend, with the first target of 1.1180 - the pullback level of 76.4% (yellow dashed line).

analytics5d22f1cea8943.png

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Monday, the price may continue the downward trend, with the first target of 1.1180 - the pullback level of 76.4% (yellow dashed line).

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