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Technical analysis

24.10.201908:06 Forex Analysis & Reviews: Indicator analysis. Daily review on October 24, 2019 for the EUR / USD currency pair

Long-term review

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Trend analysis (Fig. 1).

On Thursday, the market may try to break through the upper fractal - 1.1181 (red dashed line). However, everything will depend on the release of news on interest rates and a press conference.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Thursday, an upward movement is possible.

The first upper target of 1.1181 is the upper fractal (red dashed line).

An unlikely scenario is a downward movement with the target of 1.1066 - a pullback level of 38.2% (red dashed line).

Today, the main driver of the market will be the news that comes out at 11.45 and 12.30 Universal time (Euro).

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