FX.co ★ Indicator analysis. Daily review on August 28, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Wednesday, the downward movement with the target of 1.1065 is the support line (blue bold line). There is a chance of breaking this line down and then continue to the next target of 1.1053, which is the lower fractal.

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - down.

General conclusion:

On Wednesday, the downward movement with the target of 1.1065 is the support line (blue bold line). There is a chance of breaking this line down and then continue to the next target of 1.1053, which is the lower fractal.

An unlikely scenario is an upward movement with a target of 1.1100 - a pullback level of 23.6% (yellow dashed line).