Trend analysis
The price from the level of 1.1348 (closing of the last weekly candle) may start rising to the target of 1.1509 – the resistance line (blue thick line) this week. After testing this line, it may further rise to the target of 1.1558 – the pullback level of 38.2% (blue dotted line).
Figure 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - upFibonacci levels - upVolumes - upCandlestick analysis - upTrend analysis - upBollinger bands - downMonthly 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 the upper shadow (Friday - up) in the weekly white candle.
This week, the price from the level of 1.1348 (closing of the last weekly candle) may begin to increase to the target of 1.1509 – the resistance line (blue thick line). Once this line is tested, growth may resume to the target of 1.1558 – the pullback level of 38.2% (blue dotted line).
Alternatively, the price from the level of 1.1348 (closing of the last weekly candle) may decline to reach the historical support level of 1.1305 (blue dotted line). After testing this level, it may continue rising to the target of 1.1387 – the historical resistance level (blue dotted line), and then further upwards.