Technical analysis for the EUR/USD currency pair for the week from September 30 to October 5

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Trend analysis.

This week, after testing the target level of 161.8%, the price will try to start moving upwards in a pullback with the first target of 1.0978 – a pullback level of 14.6% (blue dotted line).

Fig. 1 (weekly chart).

Complex analysis:

– 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 – an upward movement.

The total result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price for weeks is more 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).

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Technical analysis for the EUR/USD currency pair for the week from September 30 to October 5

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