FX.co ★ Indicator analysis. Daily review for May 8, 2019 for the pair EUR / USD

Trend analysis (Fig. 1).

Today, before the news, there was an upward movement with the target of 1.1216 - 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 - the resistance line (the red bold line).

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis is neutral;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, before the news, there was an upward movement with the target of 1.1216 - 21 which is the average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1245 - the resistance line (the red bold line).