FX.co ★ Weekly review for the currency pair EUR / USD from January 28 to February 2, 2019

Trend analysis (Fig. 1).

When moving down, the first lower target is 1.1297, the historical support level (blue dashed line).

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - down;

- Candlestick analysis is neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - up.

Conclusion on a comprehensive analysis - the downward movement.

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

When moving down, the first lower target is 1.1297, the historical support level (blue dashed line).