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05.11.201908:29 Forex Analysis & Reviews: Indicator analysis. Daily review on November 5, 2019, on the EUR / USD currency pair.

Long-term review
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Trend analysis (Fig. 1).

On Tuesday, the main lower target is the support line 1.1122 (black thin line). From this level there is a good opportunity to work up with the target 1.1177 - the upper fractal.

Exchange Rates 05.11.2019 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Tuesday, an upward movement is possible.

From the support line 1.1122 (black thin line), work up with the target 1.1177 is the upper fractal.

An unlikely scenario is to break down the support line 1.1122 (black thin line) and move down with the target 1.1091 - support line (red bold line).

Stefan Doll
Analytical expert of InstaForex
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