Trend analysis.
This week, after testing the target level of 161.8%, the price will try to start moving upwards in a pullback with the first target of 1.0978 – a pullback level of 14.6% (blue dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candlestick analysis – neutral;
- Trend analysis – down;
- Bollinger Bands – down;
- Monthly chart – up.
The conclusion of the complex analysis – an upward movement.
The total result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price for weeks is more likely to have an upward trend with the absence of the first lower shadow of the weekly white candlestick (Monday – up) and the presence of the second upper shadow (Friday – down).
