Trend analysis.
In October, an upward movement is possible, with the first target of 1.1109 – the upper fractal.
Fig. 1 (monthly chart).
Indicator analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – up;
- Trend analysis – down;
- Bollinger Bands – down;
The conclusion on a comprehensive analysis – most likely, an upper work.
The total result of calculating the candlestick of the EUR/USD currency pair according to the monthly chart: the price is likely to have an upward trend with the presence of the first lower shadow (the first week of the month – bottom) for the monthly white candlestick and the presence of the second upper shadow (last week is black).
