This week, the price will once again try to overcome the resistance line of 1.1076 (blue bold line).
Fig. 1 (weekly chart).
– Indicator analysis – up;
– Fibonacci levels – up;
– Volumes – up;
– Candlestick analysis – neutral;
– Trend analysis – down;
– Bollinger bands – down;
– Monthly chart – up.
The conclusion of the complex analysis is 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 absence of the second upper shadow (Friday – up).
The material has been provided by InstaForex Company – www.instaforex.com