27.01.202009:18 Forex Analysis & Reviews: Technical analysis for the week from January 27 to 31 for the EUR/USD currency pair

Trend analysis.

This week, the price will move up with the first target of 1.1052 – a pullback level of 14.6% (blue dotted line). Upon reaching, the continuation of the upper work with the upper goal is a pullback level of 23.6% - 1.1072 (blue dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candle analysis - up;

- Trend analysis - up;

- Bollinger Bands - up;

- Monthly chart - up.

The conclusion of the complex analysis - an upward movement.

The overall result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend, with the absence of the first lower shadow of the weekly white candlestick (Monday - up) and the presence of the second upper shadow (Friday - down).

An unlikely lower scenario: from a pullback level of 61.8% - 1.1019 (red dotted line), a downward movement with a lower target of 1.0970 - a pullback level of 76.4.0% (red dotted line).