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