Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Indicator analysis. The daily review of the EUR / USD currency pair as of September 3, 2018

September 4, 2018 Analytics

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On Friday, the price was never able to overcome the resistance line of the descending channel (red bold line), went down, almost reaching 21 average EMA – 1.1591 (black thin line). Today, the market can move upwards, having repulsed from 21 average EMA. The first target when moving upwards is the resistance line (red bold line) – 1.1688.

Trend analysis (Figure 1).

On Monday, the price may start moving up with the first target resistance line – 1.1688. In the US, the output, the market after 12.00 Moscow time will be narrow.

eurusd-d1-instaforex-companies-group.png

Fig. 1 (daily chart).

Complex analysis:

– Indicator analysis – up;

– Fibonacci levels – up;

– Volumes – upwards;

– Candle analysis – neutral;

– Trend analysis – down;

– Bollinger lines – up;

– Weekly schedule – up.

General conclusion:

On Monday, the market is expected to move up with the first target resistance line – 1.1688.

The material has been provided by InstaForex Company – www.instaforex.com

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