Indicator analysis. Daily review for June 4, 2019 for the EUR/USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first goal of 1.1285 – the pullback level of 38.2% (blue dotted line), wherein the historical resistance level of 1.1291 (blue dotted line) is also found. Thus, it will be difficult for the price to overcome this area for the first time. But, the upward trend will continue.

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – up;

– trend analysis – up;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Tuesday, the price may continue to move up with the first goal of 1.1285 – the pullback level of 38.2% (blue dotted line), wherein the historical resistance level of 1.1291 (blue dotted line) is also found. Thus, it will be difficult for the price to overcome this area for the first time. But, the upward trend will continue.

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

Source:: Indicator analysis. Daily review for June 4, 2019 for the EUR / USD currency pair

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