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19.09.201908:10 Forex Analysis & Reviews: Indicator analysis. Daily review on September 19, 2019 for the EUR / USD currency pair

Long-term review

Trend analysis (Fig. 1).

On Thursday, an upward movement with the target of 1.1051 is possible - a pullback level of 50.0% (red dashed line). In case of breaking up, the next target is 1.1065 - a pullback level of 61.8% (red dashed line). Breaking through 1.1065 is unlikely.

Exchange Rates 19.09.2019 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:

On Thursday, an upward movement is possible.

An unlikely scenario is a downward movement with the first target of 1.1015 - the lower fractal.

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

Stefan Doll,
Odborný analytik spoločnosti InstaForex
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