Weekly review of the EUR/USD pair from April 8 to 13, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move down with the first target support line of 1.166 (blue bold line). After reaching – move up with the first target of 1.1300 – historical resistance level (blue dotted line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly schedule - up.

The 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 driving down towards the support line of 1.1166 (blue bold line), the upper movement is possible.

The material has been provided by InstaForex Company - www.instaforex.com

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