FX.co ★ Indicator analysis: Daily review on December 10, 2019, on EUR / USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the first upper target is a pullback level of 50.0% which is equivalent to 1.1079 presented in a red dashed line. If successful, the next upper target 1.1088 is a retracement level of 61.8% presented in a red dashed line. From the level of 1.1088, we can expect the continuation of the upper work with the target of 1.1111 on 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 Tuesday, the first upper target is a pullback level of 50.0% which is equivalent to 1.1079 presented in a red dashed line. If successful, the next upper target 1.1088 is a retracement level of 61.8% presented in a red dashed line. From the level of 1.1088, we can expect upper work with the target of 1.1111, the upper fractal.

Although unlikely, there is still a possibility that the price may move down to the lower fractal 1.1041 which is presented in a red dashed line.