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16.07.201909:11 Forex Analysis & Reviews: Indicator analysis. Daily review for July 16, 2019 for the EUR / USD currency pair

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trend analysis (Fig. 1).

On Tuesday, according to the weekly calculation, the downward movement will continue until the news at 12:30 UTC+00 with the first target of 1.1251 - a rolling back level of 38.2% (yellow dotted line).

Exchange Rates 16.07.2019 analysis

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - up;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Tuesday, according to the weekly calculation, the downward movement will continue until the news at 12:30 UTC+00 with the first target of 1.1251 - a rolling back level of 38.2% (yellow dotted line).

Stefan Doll
Analytical expert of InstaForex
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