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Eurusdanalysis

EURUSD | Price May Fall Further Considering The Initial ReactionEURUSD | Price May Fall Further Considering The Initial Reaction On Friday, the price reacted very aggressively near the top of the pattern thereby increasing the chances of bearish movement. In fact, the chances are very high that we can see the price to create a double-top model. However, we must be cautious given that we are ahead of the FOMC and the market will speculate heavily on their next decision. PS: You should also remember that our previous analysis is still valid and it may be in the cards again as long as we have none precise movement yet. So if the price bounces above 1.0600 it will continue the small bullish trend up to 1.0700 - 1.0800 Thank you and Good Luck! Previous Analysis:
Short
by KlejdiCuni
11
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0290 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0905 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall