Trend analysis.
This week, the price, moving down, will attempt testing the target level of 161.8% - 1.0919 (yellow dashed line) once again. Although breaking down is unlikely, the market from this level will try to start moving up into a pullback, with the first target 1.0978 - a pullback level of 14.6% (blue dashed line).
Fig. 1 (weekly schedule).
Comprehensive analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - neutral;
- trend analysis - down;
- Bollinger Lines - down;
- monthly chart - up.
The conclusion of a comprehensive analysis is a downward movement.
The overall result of calculating the candle of the EUR / USD currency pair according to the weekly chart: the price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candlestick (Monday - down) and the presence of the second lower shadow (Friday - up).
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