Trend analysis (Figure 1).
Next week, the market may begin to move up, with the first target 1.1663 - a pullback level of 14.6% (blue dotted line).
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up (blue dotted line);
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on complex analysis - up.
The total result of the calculation of the candle EUR/USD currency pair on a weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow.
The first upper target is 1.1663 - the retracement level is 14.6% (blue dotted line).
