Trend analysis
The price from the level of 1.1147 (closing of the last weekly candlestick) may start rising to the target of 1.1288 – the pullback level of 14.6% (blue dotted line) this week. After testing this level, it may further rise to the target of 1.1389 – the pullback level of 23.6% (blue dotted line).
Figure 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - upFibonacci levels - upVolumes - upCandlestick analysis - upTrend analysis - upBollinger lines - upMonthly chart - upAn upward movement can be concluded based on a comprehensive analysis.
The overall result of the candlestick calculation based on the weekly chart: the price will most likely move in an upward trend, both without a lower shadow (Monday - up) and without an upper shadow (Friday - up) in the weekly white candle.
This week, the price from the level of 1.1147 (closing of the last weekly candlestick) will begin its growth to the target of 1.1288 – the pullback level of 14.6% (blue dotted line). Once this level is tested, the upward movement may resume to the target of 1.1389 – the pullback level of 23.6% (blue dotted line).
Alternatively, the price from the level of 1.1147 (closing of the last weekly candlestick) may continue to decline in order to reach the support line of 1.0997 (white thick line). After testing this line, it may rise to the target of 1.1121 – the lower fractal (blue dotted line) and move further upwards.