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Eurusdforecast

EURUSD OUTLOOK - CHART PATTERNS - Sell Correction EURUSD has broken its bearish cycle and we are about to head into a strong general Bullish Trend. As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the upside, breaking through the trend, so a correction or retracement is imminent. The Formation of the BEARISH Triangle on the Hourly time, shows the incoming of a Bearish short time move for next week. The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on.
by MaximFxBoss
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 this situation has changed. Therefore, if the FED is HAWKISH, the USD can definitely go UP. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0094 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0772 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
EurUsd has carved a very nice topAs I said multiple times in the past 2 weeks, 1.0350 is strong resistance for EurUsd and I expect a drop from this zone. Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend. Last week we have distribution in this zone and now the pair looks ready for a drop. My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
Short
by Mihai_Iacob
12
EURUSD SELL - Chart patterns | Technical AnalysisEURUSD has broken its bearish cycle and we are about to head into a strong general Bullish Trend. As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the upside, breaking through the trend, so a correction or retracement is imminent with the descending triangle acting as the pattern confirmation on the 4H. The Formation of the BEARISH Triangle on the 4H timeframe shows the incoming of a Bearish short-time move for next week. The PINBAR on the weekly time frame acts as a strong indicator for this to happen, I will watch out for the price action of the various support level that price might act on. I will wait for a break and retest of price on the triangle to the downside to get into my sell come next week.
Short
by MaximFxBoss
EURUSD | Perspective for the new week | Follow-up detailsThis is a follow-up detail to my previous analysis where we close the week on a profitable note (see the link below for reference purposes). The US CPI weighs on the US Dollar as the EURUSD surged with about a 4% gain to close the week on a bullish tone; However, in addition to the high-priority event coming up in the new week (stated in the video), it is worth noting that price is at a critical zone (around the $1.03750 area) as it edge towards the major bearish trend line that has been guiding bearish momentum in the last 18 months. Are we going to be seeing a breakout of this trendline or is there going to be selling pressure below this trendline to incite another crash? Stay tuned in as we navigate this together in the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
EURUSD: Big room to Retrace, however, we are still BULLISHHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since November 2021, EURUSD has been moving clearly inside a descending channel, keeping this strong bearish momentum for a year! At the end of September, the price reached an important level at 0.97000, bouncing on it with an interesting price action. The price reversed, false breakout, sharp bullish impulse and proceeded breaking the main structure to the upside. 500 pip and more of long, the market currently reached a potential pivotal swing and the further price action will be essential to understand the next movement. Although we strongly believe in a bearish correction after a such a huge move, in long term perspective we see this market reaching its next swing at around 1.06000. When, where and why would we step into the market? Unless this market will clearly show bearish price action and no momentum to the upside, we will just be looking for long position. A consolidation is needed before the next movement, and we can see a retracement back to 1.0100 or 1.0000, before a potential continuation. At the moment, we will keep an eye on the future structure and no action will be taken! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
14