18.08.202511:02 Forex-elemzések és áttekintések: EUR/USD. Technical Analysis for the Week of August 18–23

Trend Analysis (Fig. 1).

This week, from the level of 1.1704 (the close of the last weekly candle), the market may start moving downward with a target at 1.1536 – the 38.2% retracement level (blue dashed line). Upon testing this level, the price may then move upward toward 1.1571 – the upper fractal (red dashed line).

Fig. 1 (weekly chart).

Comprehensive Analysis:

• indicator analysis – downward;
• Fibonacci levels – downward;
• volumes – downward;
• candlestick analysis – downward;
• trend analysis – downward;
• Bollinger Bands – downward;
• monthly chart – downward.

Conclusion based on comprehensive analysis: downward movement.

Overall result of the weekly candlestick projection for EUR/USD: the price will most likely show a downward trend, with the weekly black candle lacking an initial upper shadow (Monday – downward) and forming a second lower shadow (Friday – upward).

Alternative scenario: From the level of 1.1704 (the close of the last weekly candle), the pair may begin moving downward with a target at 1.1447 – the 50% retracement level (blue dashed line). Upon testing this level, the price may then move upward toward 1.1536 – the 38.2% retracement level (blue dashed line).