Upcoming Euro/USD

FX:EURUSD   Euro / U.S. Dollar
39 0 1
Drew this chart out to show how my process of thinking goes. I am really curious to know what you guys think of it. Looking at the EUR/USD             , where it closed and the bullish trend it has entered, makes me think that it is going to make 1.61 during next week.
Is this correct and if not what did I draw wrong or analyze wrong?
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