Trend analysis.
This week, the price will continue to move up and once again try to test the pullback level of 38.2% – 1.1082 (blue dotted line). A breakthrough is unlikely, and the market from this level will try to start moving down into a pullback, with the first target of 1.1019 – a pullback level of 23.6% (red 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 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 at the weekly white candle (Monday – up) and the lack of the second upper shadow (Friday – up).
