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11.02.2019 09:15 AM
Weekly review for the currency pair EUR / USD from February 11 to 16, 2019

Trend analysis (Fig. 1).

When moving down, the first lower target of 1.1231 is the support line (blue bold line).

This image is no longer relevant

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis is neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly schedule - down.

The conclusion on a comprehensive analysis - the downward movement.

The total result of the calculation of the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have a downward trend with the absence of the first upper shadow from the weekly black candle (Monday - down) and the absence of the second lower shadow (Friday - down).

When moving down, the first lower target of 1.1231 is the support line (blue bold line).

Stefan Doll,
Analytical expert of InstaForex
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