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16.11.2018 03:14 PM
Indicator analysis. Daily review for the EUR / USD currency pair for November 16, 201

Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% - 1.1360 (blue dotted line). The second upper target is 1.1388 - 21 average EMA (black thin line).

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Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis - up;- Fibonacci levels - up;- Volumes - up;- Candlestick analysis - strongly down;- Trend analysis - up;- Bollinger lines - up;- Weekly schedule - up.General conclusion:On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% - 1.1360 (blue dashed line). The second upper target is 1.1388 - 21 average EMA (black thin line).

Stefan Doll,
Analytical expert of InstaForex
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