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10.03.2025 10:35 AM
Comprehensive Analysis:
Conclusion: The overall market outlook is bullish.
Projected Weekly Candle Formation for EUR/USD:
The pair is likely to maintain an upward trend over the week, forming a white weekly candle with an initial lower shadow on Monday (downward movement) and a final upper shadow on Friday (downward retracement).
Alternative Scenario:
If the pair moves downward from 1.0833 (last week's closing price), it may reach 1.0721 (the 23.6% retracement level, blue dashed line). Upon testing this level, the price may resume its upward movement toward 1.0888, which corresponds to the upper fractal (blue dashed line).
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