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Trend analysis (Fig. 1).
For this week, the price will move up with the first goal to the resistance line of 1.1335 (red bold line), which may be broken upwards but let's see what the indicator analysis will say.
Fig. 2 (weekly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - up;
- candlestick analysis is neutral;
- trend analysis - up;
- Bollinger lines - up;
- monthly schedule - down.
Conclusion of the complex analysis - upward movement.
The total result in calculating the EUR / USD currency pair candle on the weekly chart: the price is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second lower shadow (Friday is up).
For this week, the price will move up with the first goal to the resistance line of 1.1335 (red bold line).
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