Indicator analysis. Daily review on EUR / USD for May 12, 2020
Trend analysis (Fig. 1). Today, the downward trend is likely to continue from the level of 1.0809 (closing of yesterday’s candle) with a target at the support line 1.0786 (presented in a blue bold line). From this level, the price may begin to move upward with a target at 1.0864 – a 38.2% retracement level […]