Trend analysis (Fig. 1).
In the coming week, the price will move down with the first target of 1.166 – the support line (blue bold line). After reaching – move up with the first target 1.1300 – historical resistance level (blue dotted line).
Fig. 2 (weekly schedule).
- Indicator analysis - up;
- Fibonacci levels - neutral;
- Volumes - up;
- Candlestick analysis is neutral;
- Trend analysis is neutral;
- Bollinger lines - up;
- Monthly schedule - up.
Conclusion of the complex analysis - upward movement.
The overall 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, to reach the support line of 1.1169 (blue bold line), the upper movement is possible.The material has been provided by InstaForex Company - www.instaforex.com