FX.co ★ Indicator analysis. Daily review of the EUR / USD pair for April 24, 2018

On Tuesday, these are the following strong calendar news:

- 8.00 London time. EUR, the IFO business climate index (Apr); The expected value is 104.7 compared to the previous value of 114.7;

- 14.00 London time. USD, consumer confidence index CB (Apr); The expected value is 126.0 compared to the previous value of 127.7;

- 14.00 London time. USD, sales of new housing (Mar). The expected value is 625K compared to the previous value of 618K.

Trend analysis (Figure 1).

On Monday, the price continued its downward movement and reached the support line of 1.2200. The lower boundary of the indicator of the Bollinger line can be found in the same place. The probability that the price will strike such a cloud is unlikely. On Tuesday, the market is likely to start moving up. A complex analysis will more accurately determine where the price will go next.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - neutral;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Tuesday, the market will move up with the first target 1.2273 and a retracement level of 38.2%.