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Eurusdanalysis

DeGRAM | EURUSD bears are still in controlEURUSD is still in a bearish trend on the 4H chart. The market made a lower low and then a higher high, which means a consolidation. On the weekly chart, we have a doji bar. If price action makes a false break at the high or low of the bar, it will create a new trend. If the resistance holds, the market may continue moving sideways. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
EURUSD 28May2023still in accordance with last week's analysis, prices will continue to fall in the SnD area. there is a possibility that the price will continue to fall closer to wave 2 as an invalid area. the invalid area here serves as a barrier to analysis, that the main trend analysis is bullish, while the current bearish trend is a correction of the bullish trend. when the price is in the SnD area you can wait for an opportunity to go long, but if the price continues to fall, then it's better to wait back near the invalid area to go long.
by Hokusai_FX
EURUSD 4HR Bearish ProjectionThe current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further towards the 1.05553 price zone, which represents the next significant support level in the coming weeks. It's crucial to remain aware that market conditions can shift unexpectedly. If the price manages to surpass the extended trendline and break above it, my bias would change. However, as of now, I maintain a bearish outlook on EURUSD. What's your thought on this? Kindly comment below
Short
by Popeson
2