Trend analysis (Fig. 1).
For this week, the price will move up with the first target of 1.3406, which is the rollback level of 50.0% (yellow dotted line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - up;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- monthly schedule - up.
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 upper shadow (Friday is up).
For this week, the price will move up with the first target of 1.3406, which is the rollback level of 50.0% (yellow dotted line).
The material has been provided by InstaForex Company - www.instaforex.com