Technical analysis of EUR/USD for September 25-30

Trend analysis

EUR/USD may move upward this week, starting from the level of 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line). After reaching this price, the pair will climb towards the 23.6% retracement level of 1.0771 (red dashed line).

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - upward

Fibonacci levels - upward

Volumes - upward

Candlestick analysis - upward

Trend analysis - upward

Bollinger bands - downward

Monthly chart - upward

Conclusion: The indicators point to an upward movement in EUR/USD.

Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward).

So during the week, euro will rise from 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line), and then move to the 23.6% retracement level of 1.0771 (red dashed line).

Alternatively, it could moving upwards from 1.0644 (closing of the last weekly candle) to the 14.6% retracement level of 1.0711 (red dashed line), followed by a decline to the historical support level of 1.0653 (blue dashed line).