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FX.co ★ Indicator analysis. The daily review of the EUR / USD currency pair for May 17, 2018

Indicator analysis. The daily review of the EUR / USD currency pair for May 17, 2018

Trend analysis (Figure 1).

On Wednesday, traders continued to work down. On Thursday, the market with a high probability can continue to move down. The support line of the rising channel is very close. The complex analysis will more accurately tell where the price will go.

Indicator analysis. The daily review of the EUR / USD currency pair for May 17, 2018

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Thursday, the market will move up, with the first goal of 1.1880, a pullback level of 14.6% (red dotted line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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