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28.01.2019 08:25 AM
Weekly review for the currency pair EUR / USD from January 28 to February 2, 2019

Trend analysis (Fig. 1).

When moving down, the first lower target is 1.1297, the historical support level (blue dashed line).

This image is no longer relevant

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - down;

- Candlestick analysis is neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - up.

Conclusion on a comprehensive analysis - the downward movement.

The total result of the calculation of the EUR / USD currency pair candle on the weekly schedule: the price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle (Monday - down) and the absence of the second lower shadow (Friday - down).

When moving down, the first lower target is 1.1297, the historical support level (blue dashed line).

Stefan Doll,
Analytical expert of InstaForex
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