Trend analysis.
This week, the price will move up with the first target of 1.1250 – a pullback level of 14.6% (yellow dotted line), when reaching further up the pullback level of 23.6% - 1.1280 (yellow dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – up;
- Trend analysis – up;
- Bollinger bands – down;
- Monthly chart – up.
The conclusion from the complex analysis is the upward movement.
The overall result of the calculation of the EUR/USD currency pair candle on the weekly chart: the price for 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).
