Forex Zone | Forex Forum

EURUSD Analysis and Forecast

Discussion started on Technical

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip
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.


If we check currency strength meter we can see that USD gained on strength which suggest price should move more down .



Linkback: https://www.forex.zone/technical/11/eurusd-analysis-and-forecast/3733/
#1 - April 16, 2022, 06:04:49 AM
Attachments:
« Last Edit: April 16, 2022, 10:28:12 PM by Mikser »

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip
Chart
#2 - April 16, 2022, 06:07:36 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip

Previous week analysis talked about price having a hard time to break below $1.07825 after moving down to the demand zone.

After reaching the lower level of the demand zone price reversed and moved upwards touching the supply zone around $1.08846.

On Friday price followed bearish Pin bar signal and closed the day below previous daily candles.

The next target is 100 pips away, support level $1.06736.

$1.06736 is a slightly weaker support than $1.07825 was, so we can expect if the price continues to move strongly down to break this support more easily than it was this week.
#3 - April 23, 2022, 05:13:46 AM
Attachments:
« Last Edit: April 23, 2022, 10:51:45 AM by Admin »

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/uaOrqSTU35c

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.

#4 - April 30, 2022, 05:46:21 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/ORSXFF2PoUg

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.
#5 - May 07, 2022, 04:46:11 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip

https://youtu.be/d0DiRle4b_k

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.

#6 - May 14, 2022, 04:41:38 AM
Attachments:
« Last Edit: May 14, 2022, 11:43:44 AM by Admin »

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/4aUWMSL0FTs

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.
#7 - May 21, 2022, 04:36:54 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip
https://youtu.be/LBBxm90K9hk

price reached higher levels like $1.06400 which was a high on the last bullish attempt.
After breaking above resistance levels the price returned down to $1.06736 and verified the level as a support.
We can see currency strength meter showing EUR much stronger than USD currency which is confirming the bulls strength.   
       
And the price will likely test resistance and price around $1.08300 which is close to the monthly trendline.
$1.07825 is the first step and it is a base for bullish attempts to attack higher levels.
#8 - May 28, 2022, 05:15:17 AM
Attachments:
« Last Edit: May 28, 2022, 11:03:30 AM by Admin »

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/VeoRyrJQIkg

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.

#9 - June 04, 2022, 04:39:47 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/trcpTvnG2HQ

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.
#10 - June 11, 2022, 05:07:40 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip

https://youtu.be/guLH50JyDsU

The demand around $1.03920 was a strong area and the price could not break further down.

On Friday we had a small bearish candle that had a wick below $1.05087 support level, but the day closed at the demand zone around $1.05087.

The price has closed the Friday below previous day candles bodies which is the first step to move further down.

But, as the market now looks at the weekly and monthly time frame the $1.03920 is still the next week target.



#11 - June 18, 2022, 04:49:42 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/JiDJnoINmyE

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.

#12 - June 25, 2022, 04:43:08 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip

https://youtu.be/P5n-WUvqoGw

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.

#13 - July 02, 2022, 04:58:28 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://youtu.be/kTSen1gLW3k

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.

#14 - July 09, 2022, 04:29:21 AM
Attachments:

  • Posts: 38
  • Points: 576
  • Likes Received: 6
  • Reputation: +0/-0
EURUSD Analysis and Forecast in Technical_clip


https://www.youtube.com/watch?v=rbjuZvunchk

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.

#15 - July 16, 2022, 04:57:52 AM
Attachments:

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

lamp
2023 Market Forecast by Solid ECN

Started by Solid ECN Securities on Technical

81 Replies
1938 Views
Last post Today at 09:01:35 AM
by Solid ECN Securities
clip
TIME SERIE FORECAST CROSSING INSTANT TRENDLINE (ARROW SIGNAL)

Started by bumsky on Indicator Modifications

2 Replies
914 Views
Last post February 04, 2020, 01:34:18 AM
by ageseko
xx
Which one do you prefer: fundamental analysis or technical analysis?

Started by Bahrul on General Forex Discussion

346 Replies
5398 Views
Last post Today at 04:24:46 AM
by Vernalta
xx
Believe In Your Own Analysis, or Believe In The Analysis of Others

Started by Demnok Lannik on Forex Education

213 Replies
2114 Views
Last post January 30, 2023, 08:01:36 AM
by Vernalta