empty
 
 
25.05.2020 10:22 AM
Technical analysis on the EUR/USD pair for the week of May 25-30

The EUR/USD pair broke through the support line 1.0800 (blue bold line), moved up and almost tested the upper fractal of 1.1017 (blue dashed line) last week. After that, it went down 107 points. The price may continue to move up in the coming week.

Trend analysis.

This week, the price from the pullback level of 61.8% - 1.0860 (red dashed line) can continue to move up with the first target at 1.1017 - the upper fractal (blue dashed line). After reaching this level, the price will continue to move up to the next upper target at 1.1082 - historical resistance level (blue horizontal dotted line).

This image is no longer relevant

Fig. 1 (weekly schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - neutral;

- trend analysis - up;

- Bollinger Lines - down;

- monthly chart - up.

The conclusion of a comprehensive analysis is an upward movement.

The overall result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend, with the presence of a lower shadow for the weekly white candlestick (Monday - down) and the absence of a second upper shadow (Friday - up).

The upper weekly target is 1.1082 - a historical resistance level (blue horizontal dashed line).

An unlikely lower scenario: the price from the pullback level of 61.8% - 1.0860 (red dotted line) will move down, with the first target at 1.0816 support line (blue bold line) and only then will develop upwards.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback