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17.10.201908:31 Forex Analysis & Reviews: Indicator analysis. Daily review on October 17, 2019 for the EUR / USD currency pair.

Long-term review

Trend analysis (Fig. 1).

On Thursday, the market may attempt to break through the upper fractal - 1.1111 (blue dashed line). If successful, move quickly to goal 1.1133 - the resistance line (red bold line).

Exchange Rates 17.10.2019 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - neutral;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Thursday, an upward movement is possible.

The first upper target of 1.1111 is the upper fractal (blue dashed line).

The next target of 1.1133 is the resistance line (red bold line).

An unlikely scenario - from the level of 1.1087, a downward movement with the target of 1.1038 - a pullback level of 23.6% (yellow dashed line).

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Stefan Doll,
Analytical expert of InstaForex
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