Indicator analysis. The daily review of the EUR / USD currency pair for May 16, 2018

On Wednesday, the following strong calendar news comes out:

— 10.00 London time. EUR, consumer price index (CPI) (y / y) (Apr), waiting for 1.2%, the previous value was 1.2%;

— 13.00 London time. EUR, speech by the head of the ECB Draghi;

— 13.30 London time. USD, the number of issued construction permits (Apr), waiting for 1.350M, the previous value was 1. 379M;

— 15.30 London time. USD, stocks of crude oil, are waiting for -1.467M, the previous value was -2.197M.

Trend analysis (Figure 1).

On Tuesday, traders decided that a rollback of 23.6% would be enough, and they started working together unanimously (although the news also helped). On Wednesday, the market with a high probability can continue to move up. The complex analysis will more accurately tell where the price will go.

Fig. 2 (daily chart).

Complex analysis:

— Indicator analysis — up;

— Fibonacci levels — down;

— Volumes — down;

— Candle analysis — neutral;

— Trend analysis — down;

— Bollinger lines — up;

— Weekly schedule — up.

General conclusion.

On Wednesday, the market will move up, with the first goal of 1.1930, a pullback level of 14.6% (yellow dotted line).

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