FX.co ★ Indicator analysis. Daily review for the EUR/USD currency pair on June 5, 2019

Trend analysis (Fig. 1).

On Wednesday, the price may continue to move upwards with the first target of 1.1285 – a pullback level of 38.2% (blue dotted line), and there is a historical resistance level - 1.1291 (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – down;

- Candle analysis – up;

- Trend analysis – up;

- Bollinger bands – up;

- Weekly schedule - up.

General conclusion:

On Wednesday, the price may continue to move upwards with the first target of 1.1285 – a pullback level of 38.2% (blue dotted line), and there is a historical resistance level - 1.1291 (blue dotted line). A lot will depend on the news that comes out at 12.15 UTC.