FX.co ★ Technical analysis of EUR/USD for March 28 to April 2

Trend analysis

EUR/USD will attempt to move down this week, from 1.0981 (closing of the last weekly candle) to the support line at 1.0844 (thick white line). Then, it will go to the 14.6% resistance level at 1.1019 (dashed blue line).

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - downtrend

Bollinger bands - downtrend

Monthly chart - downtrend

All this points to a downward movement in EUR/USD.

Conclusion: The pair will have a downward trend, with no first upper shadow on the weekly black candle (Monday - down) and a second lower shadow (Friday - up).

And during the week, the price will dip from 1.0981 (closing of the last weekly candle) to the support line at 1.0844 (thick white line), then move to the 14.6% resistance level at 1.1019 (dashed blue line).

Alternatively, the quote could attempt to move down from 1.0981 (closing of the last weekly candle) to the lower fractal at 1.0806 (dashed blue line), then bounce back to the 14.6% retracement level at 1.1019 (dashed blue line).