FX.co ★ Technical analysis on EUR/USD for the week of February 10 to 15

Trend analysis:

This week, the price will move downwards, with the goal of reaching 1.0860 - the support line (blue bold line). If it succeeds, then working upwards is possible, to the first goal at 1.0915, with a pullback level of 14.6% (blue dotted line).

Fig. 1 (weekly chart)

Complex analysis:

- Indicator analysis: down;

- Fibonacci levels: down;

- Volumes: up;

- Candlestick analysis: up;

- Trend analysis: down;

- Bollinger bands: down;

- Monthly chart / schedule: down

The complex analysis infers a downward 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 a downward trend with the presence of the first upper shadow of the weekly black candlestick (Monday - up) , and the absence of the second lower shadow (Friday - down).

An unlikely lower scenario: from the support line of 1.0860 (blue bold line), a downward movement with the lower target of 1.0837 will be the historical support level (blue dotted line).