10.04.202009:02 Forex Analyse & Reviews: Indicator analysis. Daily review for EUR/USD pair on April 10, 2020

Trend analysis (Fig. 1).

On Friday, the market from the level of 1.0931 (yesterday's closing of the daily candlestick) can continue to move up with the target of 1.0958 - a pullback level of 50.0% (red dashed line). If this level is broken up, the upward trend will continue with the target of 1.1003 - a pullback level of 61.8% (red dashed line).

Exchange Rates 10.04.2020 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - neutral;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, the price will try to continue to move up with the target of 1.1003 - a pullback level of 61.8% (red dashed line).

An unlikely scenario: working down from a pullback level of 50.0% - 1.0958 (red dashed line), with a target of 1.0893 - a pullback level of 50.0% (blue dashed line).

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

Uitgevoerd door Stefan Doll,
Analytische expert
InstaForex Group © 2007-2020
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