Trend analysis.
This week, the price will move down with the first target of 1.1193 - the lower fractal and in case of breaking through this level, the downward movement will continue, with the target of 1.1115 - the support line (blue bold line).
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- monthly schedule - down.
Conclusion on a comprehensive analysis - a downward movement.
The overall 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).
