09.12.201908:44 Forex Analysis & Reviews: Indicator analysis: Daily review on December 9, 2019, for EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, the price may move down with the first target of the support line which is at 1.1041 presented in a red bold line. Upon reaching this line, work up with the target 1.1070 with a pullback level of 38.2% presented in a red dashed line.

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:

Today, after lunch, an upward movement with the first target of 1.1079 is possible this is a pullback level of 50.0% presented in a red dashed line. The next target which is at 1.1088 is a retracement level of 61.8% presented in a red dashed line.

An unlikely scenario is to take place, that is, from the level of 1.1062 there is a moving up with the target of 1.1079 which is a pullback level of 50% presented in a red dashed line.