Trend Analysis (Fig. 1).

This week, from the 1.1641 level (close to the last weekly candle), the market may start moving downward toward 1.1448 – the 50% retracement level (blue dotted line). Upon testing this level, the price may start moving upward toward 1.1488 – a historical resistance level (blue dotted line).

Fig. 1 (Weekly Chart).

Comprehensive Analysis:

• Indicator analysis – downward
• Fibonacci levels – downward
• Volumes – downward
• Candlestick analysis – downward
• Trend analysis – downward
• Bollinger Bands – downward
• Monthly chart – downward

Conclusion from comprehensive analysis: downward movement.

Overall forecast for the weekly EUR/USD candle: the price will most likely maintain a bearish trend during the week, with the first upper shadow on the weekly black candle (Monday – upward movement) and a second lower shadow (Friday – upward movement).

Alternative scenario: from the 1.1641 level (close of the last weekly candle), the pair may continue moving upward toward 1.1710 – the historical resistance level (blue dotted line). Upon testing this level, the price may start moving downward toward 1.1447 – the 50% retracement level (blue dotted line).