Indicator analysis. Daily review for May 28, 2019 for the currency pairs EUR/USD and GBP/USD

On Monday, due to the weekend in the United States and Britain, the market which was narrow for both currencies, moved down.

The pair GBP / USD made an upward movement, but after reaching the pullback level of 1.2740 (yellow dotted line), it went down.

The EUR / USD pair moved upwards, but after reaching the resistance line of 1.1217 (white thin line), it began to move down.

On Tuesday, strong calendar news comes out at 14.00 (USD) Universal time.

Trend analysis (Fig. 1).

Today, the price will continue to move down with the first target of 1.1175 – the pullback level of 38.2% (yellow dotted line).

Fig. 2 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis – up;

– trend analysis – down;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Tuesday, we are waiting for the continuation of the upward movement. The first upper target of 1.2740 is the pullback level of 23.6% (yellow dotted line). The second upper target of 1.2823 is the pullback level of 38.2% (yellow dotted line).

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

Source:: Indicator analysis. Daily review for May 28, 2019 for the currency pairs EUR / USD and GBP / USD