Trend analysis
EUR/USD may start moving downward this week, starting from the level of 1.0612 (closing of the last weekly candle) to 1.0508, which is the historical resistance level (blue dotted line). Upon reaching this, the pair is likely to head towards the upper fractal at 1.0736 (blue dotted line), then go to higher price levels.
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - downtrend
Fibonacci levels - downtrend
Volumes - downtrend
Candlestick analysis - downtrend
Trend analysis - downtrend
Bollinger bands - uptrend
Monthly chart - uptrend
All this points to a downward movement in EUR/USD.
Conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Tuesday - down) and a second lower shadow (Friday - up).
So during the week, euro will fall from 1.0612 (closing of the last weekly candle) to the historical resistance level at 1.0508 (blue dotted line), go to the upper fractal at 1.0736 (blue dotted line), then move to higher price levels.
Alternatively, the quote could dip from 1.0612 (closing of the last weekly candle) to the 14.6% retracement level at 1.0559 (blue dotted line), then bounce up to the upper fractal at 1.0785 (yellow dotted line). Once this level is reached, the pair will rebound downwards.
