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21.10.201908:08 Indicator analysis. Daily review on October 21, 2019 for the EUR / USD currency pair

Long-term review

Trend analysis (Fig. 1).

On Monday, the market may start pullback downward, with the target of 1.1132 - a pullback level of 14.6% (red dotted line). If successful, it will continue to the next lower target of 1.1106 which is a pullback level of 23.6% (red dashed line).

Exchange Rates 21.10.2019 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Monday, a downward movement is possible.

The lower target of 1.1132 is the pullback level of 14.6% (red dashed line).

The next lower target of 1.1106 is a pullback level of 23.6% (red dashed line).

An unlikely scenario is an upward movement towards the target of 1.1209 - a pullback level of 61.8% (blue dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Stefan Doll,
Analytical expert
InstaForex Group © 2007-2020
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