Trend analysis (Fig. 1).
This week, the price will move up with the first goal - the resistance line 1.1380 (red bold line).
Fig. 2 (weekly schedule).
- Indicator analysis - up;
- Fibonacci levels - neutral;
- Volumes - up;
- Candlestick analysis is neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Monthly schedule - down.
Conclusion of the complex analysis - upward movement.
The total result of the calculation of the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday - down) and the absence of the second upper shadow (Friday - up).
When moving down, the first upper target is the resistance line 1.1380 (red bold line).The material has been provided by InstaForex Company - www.instaforex.com