EURUSD Analysis and Forecast

Apr 16, 2022 at 05:29
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113 Replies
Miembro desde Apr 16, 2022   posts 82
Apr 16, 2022 at 05:29
The price reached the target from previous analysis where I was talking about $1.07825.

Tuesday was the day when the price broke below $1.08846 which was a signal the price will move to the next support level, $1.07825

Since we have a strong demand zone around $1.07825 which made the price bounce up on Thursday we could see the price making a retrace from the current support level.

If the price manages to break below we should wait for the retest with daily price close below this level.

That will be the first step to move down to $1.06736 support level.

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Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Apr 30, 2022 at 05:45



Previous week analysis talked about price moving down for around 100 pips and 300 pips in the long term.

The price has reached both targets in four days.

Next week we can expect some retrace for EURUSD after strong selling pressure last week.

Most likely the price will reach $1.06736 resistance or $1.07388 which should be the next target.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
May 07, 2022 at 04:40



Previous EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410.

Thing is that the price is now in the indecision area where we need to wait for a breakout.

Next week we need to wait for the price to break out from this range.

$1.05825 is the first target for the bulls that must be broken and retested to verify the breakout.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
May 14, 2022 at 04:38


The price made a breakout on Wednesday after testing the $1.05825 resistance three times.

After strong move, if we calculate pip range it is 177 pips move, price stopped and made a retrace above $1.04000 on Friday which we can add to Friday exit where traders cash out after a strong move and get out from trades before the weekend.

We can expect price moving higher close to $1.05000 resistance level and from there look for bearish price action signals.

Now is the time to wait for the retrace to higher levels and from there look for a sell signal.


Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
May 21, 2022 at 04:35



Just in two days the price returned and reached $1.04700.

On Friday we have a small retrace where traders have exited from trades and taken the profit from the strong move upwards.

With strong bullish candles and breaking some critical levels to the upside we can look for the price on higher levels.

The candle closed above previous candles body highs which is a good signal to look expect the price on the higher levels.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jun 04, 2022 at 04:40



The price reached $1.07825 resistance and made a retrace back down to $1.06736 where it bounced back up, but returned down and broke below $1.06736 support level.

Next week we could see a price close to $1.06736 because the price closed the week below previous week close price and this week open price.

$1.06736 is now a base for buyers which they will defend and it will be a base for future moves to the higher price.

We now have $1.06736 as a support that will decide if the price moves down or up.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jun 11, 2022 at 05:05


The price moved higher and reached a $1.07825 supply zone which was too hard to break.

From there the price returned down and formed a strong bearish engulfing candle that closed the day below previous weekly false breakout downwards.

Next week we could see a price close to $1.05825 which will be a breakout confirmation.

The possible level for the price to reach is $1.05600, which is high on the previous reversal attempts after sell off so we can expect the same reaction and target.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 09, 2019   posts 538
Jun 13, 2022 at 10:35
1.04286 is my next target if it breaks through this level. I think DXY will clear the 105.00 high we saw recently which should aid in pushing EURUSD down
If you can't spot the liquidity then you are the liquidity.
Miembro desde Apr 16, 2022   posts 82
Jun 25, 2022 at 04:41
sebking1986 posted:
1.04286 is my next target if it breaks through this level. I think DXY will clear the 105.00 high we saw recently which should aid in pushing EURUSD down
The price reached your level. I hope you got something out of it.
Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jun 25, 2022 at 04:41


The $1.05087 and $1.05825 range is holding the price.

In the middle of the week we have a price trying to break outside of the range area above resistance $1.05825 level, but the price returned inside quickly.

We have now indecision for the price which must be defined by the breakout on the upside or downside.

The current support $1.05087 is stronger than $1.05825 as a resistance so this could be a decision factor next week.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jul 02, 2022 at 04:55


On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside the range area.

On the last two days the price reached the previous two weeks target $1.03920 and bounced from the support.

If the price manages to close the day below $1.03920 then we would have price moving to long term target $1.02975.

If we take these three time frames into calculation the EURUSD price will move down around 200 pips from the current price.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jul 09, 2022 at 04:28


On Monday we had an indecision candle where the bulls tried to push the price up, but the price closed the day close to the open price.

We can see the price has entered into the downtrend channel and reached the demand zone and bounced back to test the downtrend channel resistance line.

The pin bar has formed right on the support level which is weekly and monthly support that had retraced in the past.

We can use this price action signal on the support level and look for the exit on the first resistance at $1.02975.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jul 16, 2022 at 04:57



The price has moved strongly down on Monday and on Tuesday the price reached parity.

The Friday closed above previous days bodies close so it is a small indication price could move upwards.

The price is now in the downtrend channel and supply zone above could push the price down.

A small retrace to the first resistance could be all that we could see from bulls.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jul 23, 2022 at 04:42


The price on Monday has made a first step to make a breakout reaching first resistance level $1.01368 and breaking above with a wick

This was a small signal the price will reach a higher level because the small breakout from the previous week’s small range.

The next week’s target is to break above $1.02975 resistance level.

Because the price is right in the middle between support and resistance levels it is good to wait until the price reaches a lower level close to $1.01368

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Jul 30, 2022 at 04:15



The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels.

On Tuesday the price strongly moved down making a breakout from the small range that has formed in the previous week.

On the upside we have $1.03600 as a bulls target where the price needs to break above $1.02660 to reach higher levels.

We have now a downtrend resistance line that is on the $1.02975 which will make small pressure on the price and prevent reaching higher levels.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Aug 14, 2022 at 09:31


We had a false breakout to the upside where the second candle had returned the price back inside the price range.

When the price reached the resistance line the price broke to the upside and closed the day above price range.

The price could reach $1.02000 level to find better support for future move up.

We now have a price between upper level of a price range and resistance level at $1.02975 which needs to define where the price will move.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Aug 20, 2022 at 04:51


At the end of the week strong selling pressure took the price below $1.01368 support and reached almost parity.

Small bounce back to $1.00700 is likely because this level is a small resistance level where price reacted when moving down.

Long term target is $0.99134 as a strong demand zone where the price will stop moving down.

For now we can expect $1.0000 as a first support and then $1.0070 as a first resistance level.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Mar 31, 2021   posts 229
Aug 25, 2022 at 15:57
About EUR USD this is so impressive. I was very, very young when this first happened. And now it is the same again. The euro against the dollar is less than 1.
Of course, there is a feeling that this will not last long and soon the euro will again gain at the level of 1.0090.
But of course it is a shock for me now.
Think thrice before opening an order
Miembro desde Apr 16, 2022   posts 82
Aug 27, 2022 at 04:36


The first day of the trading week the price reached parity and on Tuesday it reached $0.99000

Both, bulls and bears, are pushing in the thier direction, but the last two days shows bulls trying to move the price higher.

In the next week I am expecting the price to make a breakout to the upside reaching $1.00400 which is above previous candle wicks.

From there we need to see will the price return down because of selling pressure or it will stall and try to break to higher levels.

Archivos adjuntos:

Do not be greedy and be patient
Miembro desde Apr 16, 2022   posts 82
Sep 03, 2022 at 04:59


The price broke out on Monday with a small bullish candle which continued for the next two days.

The price managed to reach the first small supply zone around $1.00570 and then stopped.

For the next week we need to wait for the price to make its way outside of the indecision area like this week.

If the price breaks out to the downside and the second candle closes below the first candle it will be indication of bearish pressure and price will mode to $0.96716 support level.


Archivos adjuntos:

Do not be greedy and be patient
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