Trend analysis (Fig. 1).
After a powerful breakthrough of the re
sistance line at 1.1356 (red bold line), the price still managed to close below the line of 1.1301 while moving up. Once again, the market will try to break through the resistance line this week.
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 in calculating the EUR / USD currency pair candle on the weekly chart: the price is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second lower shadow (Friday is up).The material has been provided by InstaForex Company - www.instaforex.com