Trend analysis

EUR/USD is likely to continue its upward movement this week, rising from 1.0760 (closing of the last weekly candle) to 1.0909, which is the 76.4% retracement level (red dotted line). Upon reaching this price, the pair will climb further to 1.1031, which is the upper fractal (red dotted line).

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 this points 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 no second upper shadow (Friday - up).

So during the week, euro will climb from 1.0760 (closing of the last weekly candle) to the 76.4% retracement level at 1.0909 (red dotted line), and then rise further to the upper fractal at 1.1031 (red dotted line).

Alternatively, the quote may jump from 1.0760 (closing of the last weekly candle) to the 76.4% retracement level at 1.0909 (red dotted line), and then fall down to the support line at 1.0712 (blue bold line).