18.10.201908:37 Forex Analysis & Reviews: Indicator analysis. Daily review on October 18, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Friday, the market, after testing the resistance line 1. 1134 - (red bold line), can start a pullback downward, with the first target of 1.1103 - a pullback level of 14.6% (yellow dashed line). If it became successful, the continuation will be to the next lower target of 1.1079, which is a pullback level of 23.6% (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Friday, a downward movement is possible to the lower target of 1.1103 - a pullback level of 14.6% (yellow dashed line).

If successful, continue to the next lower target of 1.1079 - a pullback level of 23.6% (yellow dashed line).

An unlikely scenario - from the level of 1.1134, moving up to the target of 1.1254 - the target level is 161.8% (blue dashed line).