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11.05.201811:07 Forex Analysis & Reviews: Indicator analysis. Daily review of EUR / USD pair on May 11, 2018

Long-term review

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On Friday, the following strong calendar news comes out: 13.15 London time. UR, speech by the head of the ECB Draghi.

Trend analysis (Figure 1).

On Thursday, the price made a backward movement going upward, a considerable role to this was added by the news. On Friday, the upward movement may continue. The first target of 1.1996 is the slope level of 23.6%. A complex analysis will more accurately determine where the price will go next.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Friday, the upward movement may continue with the first target of 1.1996 and the recession rate of 23.6%.

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