Weekly review for the EUR/USD pair from April 22 to April 27, 2019

Trend analysis (Fig. 1).

In the coming week, the price will move down with the first target of 1.1198 – support line (blue thick line).


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 - up.

The conclusion from the complex analysis is the upward movement.

The overall result of the calculation of the EUR/ USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday – down) and the absence of the second upper shadow (Friday – up).

When moving up, the first upper target of 1.1280 is the resistance line (red bold line).

The material has been provided by InstaForex Company - www.instaforex.com

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