monthly chart

Trend analysis

EUR/USD may continue its upward movement this week, rising from the level of 1.0893 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line). The pair may climb further upon testing the price.

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis -upward

Fibonacci levels - upward

Volumes - upward

Candlestick analysis - upward

Trend analysis - upward

Bollinger bands - upward

Monthly chart - upward

Conclusion: The indicators point to an upward movement in EUR/USD.

Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward).

Therefore, during the week, euro will rise from 1.0893 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line), and then climb further to the upper fractal at 1.1017 (yellow dashed line).

Alternatively, it could move upwar

Trend analysis EUR/USD may continue moving up this week, starting from the level of 1.0909 (closing of the last weekly candle) to the upper fractal located at 1.1011 (blue dotted line). Upon reaching this price, the pair will resume an upward movement towards the 85.4% retracement level at 1.1028 (red dotted line). Fig. 1 (weekly chart) Comprehensive analysis: Indicator analysis - upward Fibonacci levels - upward Volumes - upward Candlestick analysis - upward Trend analysis - upward Bollinger bands - upward Monthly chart - upward Conclusion: All this points to an upward movement in EUR/USD. Overall conclusion: The pair will most likely have a bullish trend, with a first lower shadow on the weekly white candle (Monday - downward) and no second upper shadow (Friday - upward). So during the week, euro will rise from 1.0909 (closing of the last weekly candle) to the upper fractal at 1.1011 (blue dotted line), and then go further to the 85.4% retracement level at 1.1028 (red dotted line). Alternatively, the quote may climb from 1.0909 (closing of the last weekly candle) to the upper fractal at 1.1011 (blue dotted line), followed by a fall to the 23.6% retracement level at 1.0958 (blue dotted line).

Trend analysis EUR/USD may continue its upward movement this week, rising from the level of 1.0893 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line). The pair may climb further upon testing the price. Fig. 1 (weekly chart) Comprehensive analysis: Indicator analysis -upward Fibonacci levels - upward Volumes - upward Candlestick analysis - upward Trend analysis - upward Bollinger bands - upward Monthly chart - upward Conclusion: The indicators point to an upward movement in EUR/USD. Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward). Therefore, during the week, euro will rise from 1.0893 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dashed line), and then climb further to the upper fractal at 1.1017 (yellow dashed line). Alternatively, it could move upward from 1.0893 (closing price of the last weekly candle) to the 50% retracement level of 1.0959 (red dashed line), followed by a pullback downwards.

Trend analysis

EUR/USD Trend Analysis: Anticipating an Upward Movement with Key Resistance Levels

Trend Continuation: EUR/USD Poised for Upward Momentum

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