Trend analysis (Fig. 1).
This week, the price will move up with the first goal - the resistance line 1.1354 (red bold line). This line may be broken upwards, but let's see what the indicator analysis will say.
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- Volumes - up;
- Candlestick analysis is neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Monthly schedule - down.
Conclusion of the complex analysis - upward movement.
The total result of the calculation of the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the presence of the second lower shadow (Friday is down).
When moving up, on reaching the resistance line 1.1354 (red bold line), a downward rollback is possible.
