Trend analysis (Fig. 1).
On Tuesday, the price may continue to move up with the first target 1.1159 which is the upper fractal. If it is achieved, the continuation of work upwards with the target 1.1201 is the next upper fractal.
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- 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. The price may continue to move upward with the target 1.1201 which is the upper fractal presented in a red dashed line.
An unlikely scenario is possible, that is, from a pullback level of 1.1146 presented in a blue dashed line, the price will go down to the lower target 1.1091 a pullback level of 50.0% presented in a red dashed line.
The material has been provided by InstaForex Company - www.instaforex.comvia Indicator analysis: Daily review on December 17, 2019, on EUR / USD currency pair
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