FX.co ★ Technical analysis for the week of January 20-25 for the EUR/USD currency pair

Trend analysis.

This week, the price will move down with the first target of 1.1089 - the support line (the white bold line). On reaching the top job with the top goal, the pullback level is 50.0% - 1.1145 (blue dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candle analysis - up;

- Trend analysis - up;

- Bollinger Bands - up;

- Monthly chart - up.

The conclusion of the complex analysis - 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 presence of the second upper shadow (Friday - down).

An unlikely lower scenario: from the support line of 1.1089 (white bold line), a downward movement with the lower target of 1.1058 - a pullback level of 50.0% (red dotted line).