Trend analysis:
The price from the level of 1.0837 (closing of the last weekly candlestick) is likely to decline this week with the target at 1.0785 - support line (blue bold line). After testing this line, perhaps the price will start to move up with the target of 1.0862 - a pullback level of 38.2% (blue dashed line).
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - neutral;
- trend analysis - up;
- Bollinger Lines - down;
- monthly chart - up.
The conclusion of a comprehensive analysis is 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 presence of a lower shadow for the weekly white candlestick (Monday - down) and the presence of a second upper shadow (Friday - down).
The upper weekly target is 1.0892 - a pullback level of 50.0% (blue dashed line).
An unlikely lower scenario: working down with the target of 1.0711 - a pullback level of 85.4% (red dashed line) from the support line 1.0785 (blue bold line).
