Trend analysis

EUR/USD may continue moving upwards this week, starting from the level of 1.0644 (closing of the last weekly candle) to 1.0786, which is the upper fractal (yellow dotted line). A pullback may occur upon reaching the level.

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - downtrend

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 a second upper shadow (Friday - down).

So during the week, euro will rise from 1.0644 (closing of the last weekly candle) to the upper fractal at 1.0786 (yellow dotted line), then have a pullback downwards.

Alternatively, the quote could climb from 1.0644 (closing of the last weekly candle) to the upper fractal at 1.0734 (blue dotted line), then bounce down to the 14.6% retracement level at 1.0560 (blue dotted line). Once this level is reached, the pair will continue its movement upwards.