EUR/USD Indicator analysis – December 6

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Trend analysis (Fig. 1).

On Thursday, a downward movement is possible with the first goal which is channel 1.1301 (lower fractal) – 1.1301 historical support level (blue dashed line). Moreover, breaking this channel down is unlikely.

Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – neutral; – volumes – top; – candlestick analysis is neutral; – trend analysis – up; – Bollinger lines – down; – weekly schedule – up. General conclusion:

On Thursday, a downward movement is possible with the first goal, channel 1.1301 (lower fractal) – 1.1301 historical support level (blue dashed line). Additionally, breaking this channel down is unlikely.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Indicator analysis. Daily review for December 6, 2018 for the EUR / USD pair

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