31.05.201909:23 Forex Analysis & Reviews: Indicator analysis. Daily review as of May 31, 2019 for EUR / USD and GBP / USD currency pairs

On Wednesday, the market in both currencies was moving down.

The GBP / USD pair, while moving down, reached the lower fractal of 1.2605 (red dotted line), but closed above this level.

The EUR / USD pair, while moving down, tested the pullback level of 76.4% - 1.1134 (yellow dotted line) and closed slightly lower.

On Friday, strong calendar news is not expected.

Trend analysis (Fig. 1)

Today, the price will start a pullback upward movement with the first target of 1.1155 - the pullback level of 38.2% (blue dashed line).

Fig. 2 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - down.

General conclusion:

On Friday, we are waiting for the start of the upward movement with the first goal of 1.2668 - a pullback level of 14.6% (yellow dotted line).