Trend analysis.
The price, from the pullback level of 38.2% - 1.0952 (red dashed line), can make an upward movement this week, with the first target of 1.1039 - the pullback level of 76.4% (blue dashed line). When this level is broken up, it is possible to continue working upwards with the target of 1.1085 - a pullback level of 85.4% (blue dashed line).
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - neutral;
- Bollinger lines - down;
- monthly chart - up.
The conclusion of a comprehensive analysis is an upward movement.
The total result of calculating the candle of the EUR / USD currency pair according to the weekly chart: the price is more likely to have an upward trend for weeks, with the presence of a lower shadow for the weekly white candlestick (Monday - down) and the absence of a second upper shadow (Friday - up).
The upper weekly target is the 1.1085 - a pullback level of 85.4% (blue dashed line).
An unlikely lower scenario: from a pullback level of 38.2% - 1.0977 (red dashed line), working down with a target of 1.0892 - a pullback level of 50% (red dashed line) and only then the upper development.
