FX.co ★ Technical analysis for the EUR/ USD currency pair for the week from July 15 to 20, 2019

Trend analysis.

In the coming week, the price will move down with the first target of 1.1193 – the lower fractal.

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – down;

- Fibonacci levels – down;

- Volumes – down;

- Candlestick analysis – down;

- Trend analysis – down;

- Bollinger bands – down;

- Monthly schedule – down.

The conclusion from the complex analysis is the downward movement.

The overall result of the calculation of the EUR/ USD currency pair candle on the weekly chart: the price for weeks is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle (Monday – down) and the absence of the second lower shadow (Friday – down).