Trend analysis
EUR/USD may move upward this week, starting from the level of 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line). After reaching this price, the pair will climb towards the 23.6% retracement level of 1.0771 (red dashed line).
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - upward
Fibonacci levels - upward
Volumes - upward
Candlestick analysis - upward
Trend analysis - upward
Bollinger bands - downward
Monthly chart - upward
Conclusion: The indicators point to an upward movement in EUR/USD.
Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward).
So during the week, euro will rise from 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line), and then move to the 23.6% retracement level of 1.0771 (red dashed line).
Alternatively, it could moving upwards from 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line), followed by a decline to the historical support level of 1.0653 (blue dashed line).
