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Technical analysis of EUR/USD pair for the week from July 1 to July 6, 2019

Trend analysis

This week, the price will move down with the first target of 1.1295 with a rolling level of 38.2% (yellow dotted line).

analytics5d1886789fb17.png

Fig. 1 (weekly schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- monthly schedule - down.

Conclusion on a comprehensive analysis - a downward movement.

The total result of the calculation of the EUR/USD candle on a weekly schedule: the price is more likely to have a downward trend for weeks with the presence of the first upper shadow at the weekly black candle (Monday - up) and the absence of the second lower shadow (Friday - down).

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