Trend analysis (Fig. 1).
When moving down, the first lower target of 1.1231 is the support line (blue bold line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
– Indicator analysis – up;
– Fibonacci levels – neutral;
– Volumes – up;
– Candlestick analysis is neutral;
– Trend analysis – down;
– Bollinger lines – down;
– Monthly schedule – down.
The conclusion on a comprehensive analysis – the downward movement.
The total result of the calculation of the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow from the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).
When moving down, the first lower target of 1.1231 is the support line (blue bold line).
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