Indicator analysis -EUR/USD January 8, 2019

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Trend analysis (Fig. 1).

On Tuesday, the price will move down in the side channel. This movement can stop at any time (the trend is up). The first upper target 1.1498 is the upper fractal.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – neutral;

– volumes – down;

– candlestick analysis – down;

– trend analysis – down;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Tuesday, the price will move down in the side channel. This movement can stop at any time (the trend is up). The first upper target 1.1498 is the upper fractal.

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

Source:: Indicator analysis. Daily review for January 8, 2019 for the EUR / USD pair.

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