Trend analysis:
This week, the price will move downwards, with the goal of reaching 1.0860 - the support line (blue bold line). If it succeeds, then working upwards is possible, to the first goal at 1.0915, with a pullback level of 14.6% (blue dotted line).
Fig. 1 (weekly chart)
Complex analysis:
- Indicator analysis: down;
- Fibonacci levels: down;
- Volumes: up;
- Candlestick analysis: up;
- Trend analysis: down;
- Bollinger bands: down;
- Monthly chart / schedule: down
The complex analysis infers a downward 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 a downward trend with the presence of the first upper shadow of the weekly black candlestick (Monday - up) , and the absence of the second lower shadow (Friday - down).
An unlikely lower scenario: from the support line of 1.0860 (blue bold line), a downward movement with the lower target of 1.0837 will be the historical support level (blue dotted line).
