Trend analysis
EUR/USD may move upwards this week, starting from the level of 1.0545 (closing of the last weekly candle) to the 23.6% retracement level at 1.0655 (red dotted line). Then, after this price is reached, the pair will climb further up.
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Monthly chart - uptrend
All these point to an upward movement in EUR/USD.
Conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - up) and a second upper shadow (Friday - down).
So during the week, euro will move from 1.0545 (closing of the last weekly candle) to the 23.6% retracement level at 1.0655 (red dotted line) and then climb further up.
Alternatively, the quote may continue a downward movement from 1.0545 (closing of the last weekly candle) to the 38.2% retracement level at 1.0459 (blue dotted line). Once this level is reached, a price increase is possible.
