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Trend analysis
EUR/USD may start moving up from 1.0724 (closing of the last weekly candle) to 1.0883, which is a historical resistance level (blue dashed line). Upon reaching this price, the pair will bounce further to 1.0957, which is a 23.6% retracement level (blue dashed line).
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - upward
Fibonacci levels - upward
Volumes - upward
Candlestick analysis - upward
Trend analysis - downward
Bollinger bands - downward
Monthly chart - upward
All this points to an upward movement in EUR/USD.
Conclusion: Most likely, the pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and a second upper shadow (Friday - downward).
So during the week, euro will climb from 1.0724 (closing of the last weekly candle) to the historical resistance level at 1.0883 (blue dashed line), and then proceed to the 23.6% retracement level at 1.0957 (blue dashed line).
Alternatively, the quote may go upward from 1.0724 (closing of the last weekly candle) to the 50.0% retracement level at 1.0805 (blue dashed line), and then turn around and fall down to the historical resistance level at 1.0656 (blue dashed line).
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