FX.co ★ Technical analysis for the EUR/USD currency pair for the week from June 3 to 8, 2019

Trend analysis.

In the coming week, the price will move up with the first target - 1.2647 pullback level of 14.6% (blue dotted line).

Fig. 1 (weekly chart).

Comprehensive analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – up;

- Trend analysis – down;

- Bollinger bands – up;

- Monthly chart – up.

The conclusion from the complex analysis is the upward movement.

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