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Technical analysis

01.04.201908:00 Forex Analysis & Reviews: Weekly review of EUR/USD from April 1 to 6, 2019

Long-term review

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Trend analysis (Fig. 1).

In the coming week, the price will move down with the first target of 1.166 – the support line (blue bold line). After reaching – move up with the first target 1.1300 – historical resistance level (blue dotted line).

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis is neutral;

- Trend analysis is neutral;

- Bollinger lines - up;

- Monthly schedule - up.

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 moving down, to reach the support line of 1.1169 (blue bold line), the upper movement is possible.

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