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Trend analysis
EUR/USD may decline this week, starting from the level of 1.1012 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line). The pair may turn around and climb upward upon testing the level.
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - downward
Fibonacci levels - downward
Volumes - downward
Candlestick analysis - downward
Trend analysis - downward
Bollinger bands - upward
Monthly chart - upward
Conclusion: The indicators point to a downward movement in EUR/USD.
Overall conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Tuesday - downward) and a second lower shadow (Friday - upward).
Therefore, during the week, euro will fall from 1.1012 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line), and then turn around and climb upward.
Alternatively, it could rise from 1.1012 (closing price of the last weekly candle) to the resistance line at 1.1095 (thin blue line), followed by a pullback to the upper fractal at 1.1040 (yellow dashed line).
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*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
