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Indicator analysis. Daily review on September 23, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, an upward movement with the first target of 1.1037 is possible - a pullback level of 38.2% (red dashed line). Further, we will wait for the market reaction to the resistance line 1.1039 (blue bold line).

analytics5d884e37295d4.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Monday, the upward movement will continue.

The first upper target of 1.1037 is the pullback level of 38.2.% (red dashed line). Upon breaking through this level, we are waiting for the continuation of work upwards, with the next target of 1.1051 - a pullback level of 50.0% (red dashed line).

An unlikely scenario is a downward movement with the target at 1.0991 (lower fractal).

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