EURUSD Analysis and Forecast

EURUSD Forecast –$1.05825 is the Key Level for the Bulls




The price started to move up on Monday and it reached $1.05825 resistance level where the price bounced and returned down and closed the day below $1.05087.

On Friday the price bounced again from the $1.05825, but we need to have in mind that a Friday is the day when traders get out from their trading.

With $1.05087 as a support level we could see a price for a while between $1.05087 and $1.05825 because we have three resistance levels.

If the price manages to move above $1.05825 it will have an open road to $1.07825 which is the monthly and weekly resistance level.

For my forecast for now, I would say EURUSD will rise to the level of 1.0704. It may happen till the end of this week. Then a little rollback may be.

Rococo_XVII posted:
For my forecast for now, I would say EURUSD will rise to the level of 1.0704. It may happen till the end of this week. Then a little rollback may be.

That is what the price has done. It reached $1.07300 and returned down as it was mentioned in the previous week analysis.
Your prediction were also good.

EURUSD Forecast – Key Level $1.05825 Under Testing




The price has started the week with an indecision candle where the price has touched $1.05825 resistance and $1.05087 as a support level.

Now the price is on the support level $1.05825 that should hold so the price can move again on higher levels.

Weekly time frame shows $1.05825 is still not broken on the upside, so we need to wait until the market manages to close the week above.

If the price closes below $1.05087 this will be a sign the price is heading to the demand zone to $1.03920 where the bulls were strongest and where the price could find a base for the next move up towards $1.07825.

EURUSD Forecast – Breakout Confirmed, Target $1.07825



The price managed to continue to move up and eventually broke above $1.06736.

On Friday the price closed the day above $1.06736 resistance line which opened a door for the price for future move to the upside towards $1.07825.

If we take a look at the monthly time frame we can see the price has managed to close above the downtrend channel resistance line.

That means the price is free to move up and reach $1.07825 level.

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GBPUSD Forecast – Bearish Pin Bar Risk, $1.22000 Key Level




The price started the week with a small bullish candle and ended the week with a small bullish candle which makes the week bullish.

Thursday and Friday candles returned the price higher and closed the week as a bullish.

The price is now inside the indecision area which the price needs to break to determine future move.

With these strong resistance levels the price will have a hard time to break above, but if the price manages to close above $1.22000 level the next target is $1.23000 which is the next confluence of resistance levels on a daily and weekly time frame.

Hi. What would you say about EURUSD for this week? Do you have new forecast? Because I can't get final analysis. There is no volatility for the pair. It stands still. Lateral movement with minimal ticks to one side and the other. My guess is that there will be growth.
Can you tell me your opinion, pls.

A small retracement above 1.0639 and up to 1.0743. This is my plan for this week.

Definitely 1.0665 looks like the average level for the next days. Very low volume until wednesday maybe. Important data specially Germany for tomorrow so we´ll all have to stay alert.

EURUSD Forecast – $1.07825 Confirmed, $1.08846 Breakout Needed




It was mentioned that the price is in between support and resistance level, between $1.07825 and $1.08846, and it needs to move somewhere outside of this range.

The price did not move outside, but bounced between these two levels.

We can expect that the price will have trouble breaking the $1.08846 resistance level because we have a monthly trendline that is making another resistance for the price.

The target after the price break $1.08846 is $1.09100 – $1.09200, which is the first daily resistance before heading to $1.09800.

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GBPUSD Forecast – Price Heading to $1.24600




The Pin bar formed right on the support level, but the support was without confirmation.

The bearish Pin bar was cancelled with Tuesday’s strong bullish engulfing bar that was a confirmation that the price will see higher levels.

The price is heading to $1.24600 which is the next resistance level.

If the price manages to close above $1.24600 the next target will be weekly resistance level at $1.26000.

EURUSD Analysis Today 28.1.2023 - Week Ahead Forecast





GBPUSD Analysis Today 28.1.2023 - Week Ahead Forecast

For my forecast now there is bear movement starts on EURUSD. I hope I wrong. And this is just the false falling.

All fine its for the FED tommorow the EUR/USD rise up again

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GBPUSD Analysis Today 4.2.2023 - GBPUSD Week Ahead Forecast

EURUSD shows descending movement. For now I would like to prefer it's bearish time. So I would trade short position.

fg43085 posted:
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