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Technical analysis

30.04.201803:48 Forex Analysis & Reviews: Daily review for April 30, 2018 for the EUR / USD pair

Long-term review

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Trend analysis (Figure 1).

As expected, the price moved in the side channel on Friday. While the downward movement may continue on Monday. The initial target of 1.2055 is a 50% recoil level. The complex analysis will accurately determine the further direction of the price.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Monday, it is possible to continue rolling back with the first target. 1.2192 - a retracement level of 38.2% (red dotted line).

* The presented market analysis is informative and does not constitute a guide to the transaction.

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