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09.10.2019 08:28 AM
Indicator analysis. Daily review on October 9, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Wednesday, the price may make a pullback downward movement with the target at 1.0941 - a pullback level of 50.0% (yellow dashed line). From this level, there is a good opportunity to work up with the target of 1.1000 - the upper fractal (yellow dashed line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Wednesday, a general upward movement is possible.

The first lower target is 1.0941 - a pullback level of 50.0% (yellow dashed line). From this level, work upwards with the target of 1.1000 is the upper fractal (yellow dashed line).

An unlikely scenario - from a pullback level of 50.0% (yellow dashed line), work down with a target of 1.0927 - a pullback level of 61.8% (yellow dashed line).

Stefan Doll,
Analytical expert of InstaForex
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