Trend analysis (Fig. 1).
January will begin with an upward movement, with the first goal of 1.1509, the resistance line (red bold line). And only then will the bottom. The assumed first lower target of 1.1244 is the support line (blue bold line).
Fig. 2 (monthly schedule).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
Conclusion of the complex analysis - most likely the top job.
The total result of the calculation of the EUR / USD currency pair candle on a monthly schedule: the price is most likely to have an upward trend with the absence of the first lower shadow (the first week of the month is the top) of the monthly white candle and the second upper shadow (the last week is black).
December will begin with an upward movement (probability 70%), with the first goal of 1.1593 - this is 21 average EMA (black thin line). Otherwise (probability 30%), a downward movement with the assumed first lower target of 1.1185 ,a recoiling level of 61.8% (yellow dashed line).
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