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).
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.
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