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FX.co ★ Technical analysis on the week of September 2-7, 2019 for the EUR / USD currency pair

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Forex Analysis:::2019-09-02T09:10:09

Technical analysis on the week of September 2-7, 2019 for the EUR / USD currency pair

Trend analysis.

This week, the price will move up with the first target of 1.1089 - the resistance line (blue bold line).

Technical analysis on the week of September 2-7, 2019 for the EUR / USD currency pair

Fig. 1 (weekly schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - up;

- monthly chart - up.

The conclusion of a comprehensive analysis is an upward movement.

The overall result of calculating the candle of the EUR / USD currency pair according to 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 candlestick (Monday - up) and the absence of the second upper shadow (Friday - up).

Analyst InstaForex
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