Indicator analysis. Daily review for May 8, 2019 for the pair EUR / USD

Trend analysis (Fig. 1).

Today, before the news, there was an upward movement with the target of 1.1216 – 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 – the resistance line (the red bold line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – up;

– candlestick analysis is neutral;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

Today, before the news, there was an upward movement with the target of 1.1216 – 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 – the resistance line (the red bold line).

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

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

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