retracement level

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

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