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EUR/USD Daily review for January 18, 2019
Trend analysis (Fig. 1).
On Friday, the price will move up. The first upper target of 1.1418 is the recoiling level of 23.6% (yellow dotted line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – up;
– volumes – up;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
On Friday, the price will move up. The first upper target of 1.1418 is the recoiling level of 23.6% (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Indicator analysis. Daily review for January 18, 2019 for the pair EUR / USD