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FX.co ★ Indicator analysis. Daily review on November 18, 2019, on the EUR / USD currency pair.

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Forex Analysis:::2019-11-18T06:45:08

Indicator analysis. Daily review on November 18, 2019, on the EUR / USD currency pair.

Trend analysis (Fig. 1).

On Monday, the market may continue to move up, with the target of 1.1099 - the resistance line (red bold line). From this level rollback is possible.

 Indicator analysis. Daily review on November 18, 2019, on the EUR / USD currency pair.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger Lines - up;

- Weekly schedule - down.

General conclusion:

On Monday, upward movement is possible.

Upper target 1.1099 - resistance line (red bold line). From this level rollback is possible.

An unlikely scenario is from a retracement level of 38.2% - 1.1063 (blue dashed line) downward movement with a target of 1.1030 - a retracement level of 50.0% (red dashed line).

Analyst InstaForex
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