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20.09.2019 08:26 AM
Indicator analysis. Daily review on September 20, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Friday, it is possible to continue the upward movement with the target of 1.1111 - the upper fractal (red dashed line). Intermediate points, where pullbacks down are possible, and therefore, additional entry points upwards - 1.1065 (a pullback level of 61.8% (red dashed line)), 1.1088 (upper fractal).

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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 Friday, the upward movement will continue.

The first upper target of 1.1065 is the pullback level of 61.8.% (red dashed line), when the next target of 1.1088 is broken, the upper fractal.

Stefan Doll,
Analytical expert of InstaForex
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