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Trend analysis
EUR/USD may continue moving upward this week, rising from 1.0836 (closing price of the last weekly candle) to the 50% retracement level of 1.0917 (red dashed line). Upon testing this level, the pair will climb further towards the 61.8% retracement level of 1.0969 (red dashed 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: 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 1.0836 (closing price of the last weekly candle) to the 50% retracement level of 1.0917 (red dashed line), and then approach the 61.8% retracement level of 1.0969 (red dashed line).
Alternatively, it could increase from 1.0836 (closing price of the last weekly candle) to the 50% retracement level of 1.0917 (red dashed line), followed by a pull back to the 38.2% retracement level of 1.0875 (yellow dashed 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।
