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FX.co ★ EUR/USD. Technical analysis for the week of August 4-9

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Forex Analysis:::2025-08-04T08:38:27

EUR/USD. Technical analysis for the week of August 4-9

Trend Analysis (Fig. 1)

This week, from the 1.1586 level (closing price of the latest weekly candle), the market may begin an upward move targeting 1.1829 – the upper fractal (weekly candle from June 29, 2025). Upon testing this level, the price may begin to move downward toward 1.1717 – the 14.6% retracement level (blue dotted line).

EUR/USD. Technical analysis for the week of August 4-9

Fig. 1 (Weekly Chart)

Comprehensive Analysis:

  • Indicator analysis – upward
  • Fibonacci levels – upward
  • Volume analysis – upward
  • Candlestick analysis – upward
  • Trend analysis – upward
  • Bollinger Bands – upward
  • Monthly chart – upward

Conclusion based on comprehensive analysis: Upward trend.

General forecast based on the EUR/USD weekly chart: The price is most likely to follow an upward trend this week, forming a white weekly candle with a lower shadow on Monday (downward movement), followed by an upper shadow on Friday (downward correction).

Alternative Scenario:

From the 1.1586 level (closing price of the latest weekly candle), the pair may begin an upward movement toward 1.1717 – the 14.6% retracement level (blue dotted line). Upon testing this level, the price may pull back downward toward 1.1647 – the 23.6% retracement level (blue dotted line).

Analyst InstaForex
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