FX.co ★ Technical analysis for EUR / USD pair for the week February 3 to 8

Trend analysis:

This week, the price will move up with the first target 1.1115 - a pullback level of 50.0% (blue dashed line). Upon reaching the continuation of the upper work with the upper goal, the pullback level is 61.8% - 1.1144 (blue dashed line).

Fig. 1 (weekly schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - down;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- monthly chart - up.

The conclusion of a comprehensive analysis is an upward movement.

The overall result of calculating the candle of the EUR / USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend, with the absence of the first lower shadow of the weekly white candlestick (Monday - up) and the absence of the second upper shadow (Friday - up).

An unlikely lower scenario: a downward movement with the lower target 1.0992 - lower fractal (blue dashed line) from a pullback level of 38.2% - 1.1086 (blue dashed line).