See also
Comprehensive Analysis
Based on comprehensive analysis, the EUR/USD pair is expected to maintain an upward trajectory throughout the week. The projected weekly candle is likely to form without a lower shadow (indicating an upward Monday movement) but may develop an upper shadow by Friday, signaling a possible pullback.
Alternative Scenario
If the pair rises from 1.0459 to 1.0532 (upper fractal, blue dotted line), it may then reverse downward toward 1.0480, which corresponds to the 14.6% Fibonacci retracement level (blue dotted line).
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
The Eagle indicator is reaching oversold levels and is giving a negative signal, so we will look for opportunities to sell below 3,145 or below 3,131 with a target
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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