FX.co ★ Indicator analysis: Daily review on December 16, 2019, on EUR / USD currency pair

On Friday, the pair moved up and almost tested the retracement level of 61.8% which is at 1.1209 presented in a blue dashed line and then flew down, closing slightly above the retracement level of 38.2% equivalent to 1.1091 presented in a red dashed line. Strong Monday news is not expected today.

Trend analysis (Fig. 1).

On Monday, the price may continue to move up with the first target 1.1146 which is a pullback level of 50% presented in a blue dashed line. If it is achieved, the continuation of work upwards with the target 1.1201 is the upper fractal.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Monday, an upward movement is possible. Also, the price can continue to move up with the target 1.1201 the upper fractal presented in a red dashed line.

An unlikely scenario that is from the level of 1.1123, the price goes down to the lower target 1.1091 where the pullback level is 50.0% presented in a red dotted line.