FX.co ★ Indicator analysis. Daily review on August 23, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Friday, the downward movement is possible to continue, with the target of 1.1065 - the support line. The probability of breaking down the line is high and then the next target 1.1028 is the lower fractal.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion:

On Friday, a downward movement is possible.

An unlikely scenario is an upward movement with the target of 1.10114 - the upper fractal.