EUR/USD Daily review January 22, 2019

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On the way down, the price may encounter the first goal – the fourth point of the young support line 1.1342 (red thin line).

Trend analysis (Fig. 1).

On Tuesday, the price will move down. The first lower target 1.1442 is the support line (red thin line), then roll back up is possible.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – down;

– volumes – down;

– candlestick analysis – up;

– trend analysis – down;

– Bollinger lines – down;

– weekly schedule – down.

General conclusion:

On Tuesday, the price will move down. The first lower target 1.1442 is the support line (red thin line), then roll back up is possible.

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

Source:: Indicator analysis. Daily review for January 22, 2019 for the pair EUR / USD

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