Trend analysis
June may begin with an upward movement, with the first target of 1.1188 – the resistance line (red bold line). Control point – 1.1188, after which it will be clear where the market will go. This question will be answered by a comprehensive analysis.
Fig. 1 (monthly chart).
Indicator analysis:
- Indicator analysis – up;
- Fibonacci levels – up;
- Volumes – up;
- Candle analysis – up;
- Trend analysis – neutral;
- Bollinger bands – down;
The conclusion from the complex analysis is most likely the top work.
The overall result of the calculation of the EUR/USD currency pair candle on the monthly chart: the price is likely to have an upward trend with the absence of the first lower shadow (the first week of the month – the top) of the monthly white candle and the absence of the second upper shadow (the last week is white).