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EURUSD Analysis and Forecast

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https://www.youtube.com/watch?v=zr7h0M5zaNg

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

#16 - July 23, 2022, 04:43:23 AM
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https://youtu.be/_u4eRoPPuUg

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.

#17 - July 30, 2022, 04:16:57 AM
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https://youtu.be/tDm8q2WYff0

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.

#18 - August 20, 2022, 04:52:01 AM
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https://youtu.be/zd09k3q4yp4

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.

#19 - August 27, 2022, 04:37:08 AM
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https://youtu.be/6GpAN6xzxFM

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.



#20 - September 03, 2022, 05:00:24 AM
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https://youtu.be/P5_bZNGjEug

The breakout was a false one on Tuesday and what usually happens after a false breakout the price moved in the opposite direction.

Friday shows price decline after traders taking profits around $1.01368 who bought the price at the $0.99314 which activated a sell off returning the price down.

Next week we need to see the price above the small downtrend channel resistance line with daily close above which will allow price reaching $1.01368 level.

We can expect bearish candle at the confluence area of resistance with price targeting to reach the upper side of the current indecision area which is around $1.0000.

Currency strength meter
#21 - September 11, 2022, 07:42:01 PM
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https://youtu.be/XuEmxrBaH90

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.

#22 - September 17, 2022, 05:03:40 AM
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https://youtu.be/ygJFuNpaqTM

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.


#23 - September 24, 2022, 04:36:20 AM
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https://youtu.be/jdd9pGHun78

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.

#24 - October 01, 2022, 04:15:42 AM
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https://youtu.be/2lImJQoi5co

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.

#25 - October 08, 2022, 04:30:28 AM
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https://youtu.be/mH6m2DC1-8k

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.
#26 - October 15, 2022, 06:07:29 PM
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https://youtu.be/HvEHrI5I2MQ

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.

#27 - October 22, 2022, 04:20:02 AM
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https://youtu.be/92vw8KHtDB8

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.
#28 - October 29, 2022, 04:49:03 AM
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https://youtu.be/U-IfVwuj2Zs

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.

#29 - November 05, 2022, 05:26:38 AM
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https://youtu.be/t5SAmV6nAwg

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.

#30 - November 19, 2022, 04:56:12 AM
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