FX.co ★ Daily review for April 30, 2018 for the EUR / USD pair

Trend analysis (Figure 1).

As expected, the price moved in the side channel on Friday. While the downward movement may continue on Monday. The initial target of 1.2055 is a 50% recoil level. The complex analysis will accurately determine the further direction of the price.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Monday, it is possible to continue rolling back with the first target. 1.2192 - a retracement level of 38.2% (red dotted line).

* The presented market analysis is informative and does not constitute a guide to the transaction.