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EURUSD Analysis and Forecast

Frano (fg43085)
Sep 03 2022 at 04:59
37 ieraksti


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.


Pielikumi

Do not be greedy and be patient
Seb King (sebking1986)
Sep 05 2022 at 10:37
538 ieraksti
LL made this morning and a reaction off of it. Expect a period of retracement now before the next leg down unless we see a BOS
If you can't spot the liquidity then you are the liquidity.
Rococo_XVII
Sep 08 2022 at 16:41
103 ieraksti
A few hours ago, the Euro rose to a 1:1 level with the dollar. But now it has fallen again. I expected that it had already broken through the support level and there would be an upward movement. But, as it turned out, it's too early to rejoice.
Think thrice before opening an order
Frano (fg43085)
Sep 17 2022 at 05:01
37 ieraksti
sebking1986 posted:
LL made this morning and a reaction off of it. Expect a period of retracement now before the next leg down unless we see a BOS
As it looks the market is preparing to move upwards. But, $1.01368 is a decision resistance level. Currently the price is in the indecision area.
Do not be greedy and be patient
Frano (fg43085)
Sep 17 2022 at 05:02
37 ieraksti
Rococo_XVII posted:
A few hours ago, the Euro rose to a 1:1 level with the dollar. But now it has fallen again. I expected that it had already broken through the support level and there would be an upward movement. But, as it turned out, it's too early to rejoice.
I think the price will try to make a breakout to the upside. We had two breakouts, false one. Currently indecision are is still preventing the price in clear direction
Do not be greedy and be patient
Frano (fg43085)
Sep 17 2022 at 05:03
37 ieraksti


The price opened a week with a gap to the upside and reached the weekly target mentioned last week.

The strong bullish trigger to the upside pushed the price higher and the price reached $1.01960.

The price still needs to break above the small downtrend channel resistance line and small supply zone slightly above that resistance line.

And then the strong supply zone around $1.01368.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Sep 24 2022 at 04:35
37 ieraksti


On Monday the price formed a bullish candle with daily close above previous day candle close.

This was indication the price is continuing moving in the same direction as the previous week has ended.

The first small support and demand zone that will hold the price is $0.96000 price that acted as a support in the previous bearish attempt to reach lower levels.

From there we can expect the price to return back up and if the bulls are strong enough the price could reach the first supply zone at $0.98300.



Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Oct 01 2022 at 04:15
37 ieraksti


The price reversed from that demand zone and formed a strong bullish engulfing candle that took the price back to downtrend channel resistance line which is a small confluence of resistance with supply zone at $0.98300.

Higher price level where we can expect the price is around $0.99134 which is the first strong resistance for the price.

On a weekly time frame and monthly time frame we have a price in between support and resistance level where a bullish scenario is likely on a short term.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Oct 08 2022 at 04:29
37 ieraksti


Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days.

With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the price will move down.

The price is falling down and the next support is at $0.96716 where we have a demand zone where the sellers will get out.

The bounce from $0.96716 is likely to reach $0.97000 and then $0.98000 which are smaller resistance levels.

Pielikumi

Do not be greedy and be patient
Rococo_XVII
Oct 12 2022 at 11:14
103 ieraksti
The euro continues to fall against the dollar. I believe that it will again fall to a historical low, after which there will be a strong rollback.
Think thrice before opening an order
Frano (fg43085)
Oct 15 2022 at 18:08
37 ieraksti


The price had indecision on Tuesday and Wednesday which shows sellers and buyers strength to move the price in their direction.

This shows a false breakout from the indecision area to the upside so we could expect a move to the downside at least to the $0.96716.

The daily overview shows that the price could return back down to $0.96716 support level, but there is no clear signal that the price has enough strength to move down below this support level.

This means if the price closes below on a daily time frame we will see the price heading down to $0.96000 which is the first support level.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Oct 22 2022 at 04:19
37 ieraksti


The price did not return back down and test the $0.96716, but it moved to the upside and tested the previous small resistance as a support level.

Since the price managed to close the day above previous daily candles this is indication we will see the price more higher.

The next level for the price is $0.99134 which is the next target in the coming week.

The $0.99134 could be a first level for the bulls to change the market bias from selling into buying trend.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Oct 29 2022 at 04:48
37 ieraksti


The price closed above $0.99134 which was the resistance level and supply zone that was holding the price for a while.

The breakout was confirmed on Wednesday when the second bullish candle formed and reached $1.00900 level.

The next week on Monday will be the last day in this month which is an important day to watch.

So, if we see Monday close above current price and stay above $0.99134, we will see prices on higher levels in the next few days and weeks.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Nov 05 2022 at 05:24
37 ieraksti


The Monday candle has closed below support level and continued to move down in the following days.

On Tuesday we have a bearish Pin bar suggesting move down after testing the previous support now as a resistance at $0.99134.

Weekly candle has closed as a bullish Pin bar on the critical level at $0.99134.

The next level for the bulls is $1.00400 on a weekly time frame and daily time frame.

Pielikumi

Do not be greedy and be patient
Rococo_XVII
Nov 08 2022 at 16:21
103 ieraksti
EURUSD is still bearish. and now it's trying to show false rise. But it still descending movement.
Think thrice before opening an order
Frano (fg43085)
Nov 12 2022 at 05:24
37 ieraksti


The price formed a strong bullish engulfing bar breaking $1.01368 resistance level.

On Friday the price returned down close to $1.01368 and tested this demand zone as a support and then returned back up and broke the $1.02669 resistance level.

Week ahead will show some price fall to the first support at $1.02669 and probably to $1.01368 as a weekly support level.


The $1.03920 is the zone that will confirm an uptrend for the EURUSD after the price broke outside from the downtrend.

Pielikumi

Do not be greedy and be patient
Rococo_XVII
Nov 15 2022 at 10:45
103 ieraksti
Finally I saw a great rollback. Finally euro against to dollar is more then 1:1. Finally everything is back in place.
I believe that no fall is expected in the coming days. Most likely the euro will continue to grow.
Think thrice before opening an order
Frano (fg43085)
Nov 19 2022 at 04:55
37 ieraksti


We can see on the chart the price formed a small bullish Pin bar on Monday and the price started to move to a higher level.

The price broke above $1.01368 on Tuesday, but the price returned back down.

I am expecting the price to move down slightly, around $1.02000 or above, and continuing to move up.

Pielikumi

Do not be greedy and be patient
Frano (fg43085)
Nov 26 2022 at 05:02
37 ieraksti
EURUSD Forecast –$1.05825 is the Next Target



The price continued its move to $1.02669 on Monday, but since Tuesday the price was forming bullish candles.

The price reached the demand zone around $1.02669 where we have a confluence of support and from there the bulls pushed the price upwards.

The next level for the bulls is at $1.05087 where we have small daily resistance, but the final target is $1.05825 which is the weekly and monthly target.

So, we have almost 200 pips free area to reach from the current level in the next week and then the price could stop because there is stronger resistance in front.

Pielikumi

Do not be greedy and be patient
Rococo_XVII
Dec 01 2022 at 12:28
103 ieraksti
So far, I'm seeing lateral movement without sharp rises or falls. It is possible that after the news the situation will somehow change.
Think thrice before opening an order
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