FX.co ★ Indicator analysis: Daily review on November 29, 2019, on the EUR / USD currency pair

The pair rolled back on Thursday, but due to the narrowness of the market, the movement was insignificant. The price, moving up, tested the pullback level of 23.6% which is equivalent to 1.1018 presented in blue dashed line. On Friday, strong calendar news is expected at 08.55 and 10.00 Universal time (Euro). An attempt can be made to break the 38.2% retracement level up.

Trend analysis (Fig. 1).

On Friday, the market will move up with the target of 1.1033 presented in a blue dotted line which is a pullback level of 38.2%. In the USA, the market closes early due to the holiday, and the market after 15:00 Universal time will be narrow. The next upper target is after 1.1033, the pullback level is 50.0% which is equivalent to 1.1045, presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - neutral;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Friday, upward movement is possible.

The first upper target is the retreating level of 38.2% which is equivalent to 1.1033, presented on a blue dashed line and, if successful, the continuation of the upward movement, with the target of 1.1045 is equivalent to a retracement level of 50.0% presented in a blue dashed line.

An unlikely scenario is a downward movement towards the target of 1.0993, the lower fractal in blue dashed line.