EUR/USD pair
Trend analysis (Figure 1)
In the coming week, the price will move up with the first target of 1.1235 – resistance line (white bold line), and then work up with the target of 1.1265 – 21 average EMA (black thin line). The probability of this event is 60%.
Fig. 1 (weekly chart).
Comprehensive analysis:
- Indicator analysis – up;
- Fibonacci levels – down;
- Volumes – down;
- Candle analysis – neutral;
- Trend analysis – up;
- Bollinger bands – down;
- Monthly chart – up.
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 in 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)
