21.10.201908:04 Forex-elemzések és áttekintések: Technical analysis for the EUR/USD currency pair for the week from October 21 to 26

Trend analysis.

This week, the price will continue to move up with the target of rolling back the level of 61.8% – 1.1208 (blue dotted line). Breaking through this level is unlikely, and the market from this level will try to start moving down into a pullback, with the first target of 1.1131 – a pullback level of 23.6% (red dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – down;

- Candlestick analysis – down;

- Trend analysis – up;

- Bollinger Bands – up;

- Monthly chart – up.

The conclusion of the complex analysis – an upward movement.

The total result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price for weeks will most likely have an upward trend with the absence of the first lower shadow of the weekly white candlestick (Monday – up) and the absence of the second upper shadow (Friday – up).

The first upper target of 1.1208 is a pullback level of 61.8% (blue dotted line).

From this level, it is possible to move down with the target of 1.1131 – a pullback level of 23.6% (red dotted line).