FX.co ★ Indicator analysis. Daily review on October 16, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Wednesday, the price may make an upward movement with the target 1.1064 - the upper fractal (yellow dashed line). From this level, there is a good opportunity to continue to work upwards with the target 1.1111 - the upper fractal (blue dashed line).

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Wednesday, a general upward movement is possible.

The first upper target at 1.1064 is the upper fractal (yellow dashed line). From this level, we can continue to work upward with the target at 1.11111 - the upper fractal (blue dashed line).

An unlikely scenario is from the level of 1.1047 (upper fractal), work down with the target at 1.0992 - a pullback level of 32.8% (yellow dashed line).