Is Huge Volatility Coming To EURUSD? FX: Euro To US Dollar - What Are Possible Scenarios?| FXMAG.COM

Relevance up to 11:00 2022-07-09 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

trend analysis

EUR/USD will attempt to move up this week, from 1.0426 (closing of the last weekly candle) to 1.0514 - the 14.6% retracement level (red dotted line). After that the price will continue to go up to 1.0619, which is the 23.6% retracement level (red dotted line)

Fig. 1 (weekly chart)

comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Monthly chart - uptrend

All this points to an upward movement in EUR/USD.

Conclusion: The pair will have an upward trend, with no first lower shadow on the weekly white candle (Monday - up) and no second upper shadow (Friday - up).

During the week, the quote will climb from 1.0426 (closing of the last weekly candle) to the 14.6% retracement level at 1.0514 (red dotted line), then go to the 23.6% retracement level at 1.0619 (red dotted line)

Alternatively, the pair could move up from 1.0426 (closing of the last weekly candle) to the 14.6% retracement level at 1.0514 (red dotted line), then bounce back to the support level at 1.0356 (thick blue line). The upward trend will resume after that.

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