trend analysis

EUR/USD quotes are likely to increase this week, starting from 0.9843 (closing of the last weekly candle) to 1.0023, which is the 38.2% retracement level (yellow dotted line). Then, it will move to the 50.0% retracement level at 1.0168 (yellow dotted line) before going down again.

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 rise from 0.9843 (closing of the last weekly candle) to the 38.2% retracement level at 1.0023 (yellow dotted line), go to the 50.0% retracement level at 1.0168 (yellow dotted line), then fall down again.

Alternatively, quotes could climb from 0.9843 (closing of the last weekly candle) to the 38.2% retracement level at 1.0023 (yellow dotted line), then move down to the 208% retracement level at 0.9876 (dashed blue line). The pair will rise again after testing this level.