Trend analysis.
This week, the price will move up with the first target of 1.1052 – a pullback level of 14.6% (blue dotted line). Upon reaching, the continuation of the upper work with the upper goal is a pullback level of 23.6% - 1.1072 (blue dotted line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candle analysis - up;
- Trend analysis - up;
- Bollinger Bands - up;
- Monthly chart - up.
The conclusion of the complex analysis - 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 presence of the second upper shadow (Friday - down).
An unlikely lower scenario: from a pullback level of 61.8% - 1.1019 (red dotted line), a downward movement with a lower target of 1.0970 - a pullback level of 76.4.0% (red dotted line).
