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EURUSD Analysis and Forecast
in
Experienced Traders
Apr 30, 2022 at 05:45
https://youtu.be/uaOrqSTU35cPrevious 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.
EURUSD Analysis and Forecast
in
Experienced Traders
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, $1.07825Since 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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