Trend analysis (Fig. 1).
In the coming week, the price will move up with the first target of 1.1242 – the resistance line (red bold line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – neutral;
- Trend analysis – up;
- Bollinger bands – down;
- Monthly schedule – down.
The conclusion from the complex analysis – upward movement.
The overall result of the calculation of the EUR/USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).
In the coming week, the price will move up with the first target of 1.1242 – the resistance line (red bold line).
