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Weekly review of the pair EUR/USD from May 6 to 11, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move up with the first target of 1.1242 – the resistance line (red bold line).

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Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – neutral;

- Trend analysis – up;

- Bollinger bands – down;

- Monthly schedule – down.

The conclusion from the complex analysis – upward movement.

The overall result of the calculation of the EUR/USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).

In the coming week, the price will move up with the first target of 1.1242 – the resistance line (red bold line).

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