19.08.201909:35 Forex Analysis & Reviews: Technical analysis for the EUR/USD currency pair for the week from August 19 to 24, 2019

Trend analysis.

This week, the price will move up with the first target of 1.1250 – a pullback level of 14.6% (yellow dotted line), when reaching further up the pullback level of 23.6% - 1.1280 (yellow dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – up;

- Trend analysis – up;

- Bollinger bands – down;

- Monthly chart – up.

The conclusion from the complex analysis is the upward movement.

The overall result of the calculation of the EUR/USD currency pair candle on the weekly chart: the price for the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).