Trend analysis (Fig. 1).
When moving down, the first lower target is 1.1297, a recoiling level of 76.4% (yellow dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis is neutral;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly schedule - down.
The conclusion of a comprehensive analysis - a downward movement.
The total result of the calculation of the EUR / USD currency pair candle on the weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow from the weekly black candle (Monday - down) and the absence of the second lower shadow (Friday - down).
When moving down, the first lower target is 1.1297, a recoiling level of 76.4% (yellow dotted line).
