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Trend analysis
EUR/USD will increase this week, starting from 1.0259 (closing of the last weekly candle) to 1.0368, which is the 50.0% retracement level (yellow dotted line). Then, it will continue moving up to the 61.8% retracement level at 1.0466 (yellow dotted line), before returning to 1.0273, which is the 13 EMA (yellow thin line). Quotes are likely to resume rising after these movements.
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, euro will climb from 1.0259 (closing of the last weekly candle) to the 50.0% retracement level at 1.0368 (yellow dotted line), go to the 61.8% retracement level at 1.0466 (yellow dotted line), and bounce back to the 13 EMA at 1.0273 (yellow thin line). Quotes are likely to resume rising after these movements.
Alternatively, the pair could dip from 1.0259 (closing of the last weekly candle) to the historical support level of 1.0114 (dashed blue line), then go up to the resistance line at 1.0335 (thick blue line).
*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।
