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Indicator analysis. Daily review for July 8, 2019 for the EUR/USD currency pair
Trend analysis (Fig. 1).
On Monday, the price may continue the downward trend, with the first target of 1.1180 – the pullback level of 76.4% (yellow dashed line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis – down;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
On Monday, the price may continue the downward trend, with the first target of 1.1180 – the pullback level of 76.4% (yellow dashed line).
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Indicator analysis. Daily review for July 8, 2019 for the EUR / USD currency pair