Eurusdneutral
EURUSD intradayNeutral with slightly bearish sentiment. The major trend is still bearish. The weighted average volume price is below the current price TF 4H. The argument for distribution phase have not been rejected, nor projection towards the lower lows. Furthermore, accumulation and distribution is in equilibrium, hence phase d according to Wyckoff method, se below. Fib speed fans shows us momentum.
EURUSD week aheadElliot waves, EMA deathcross and bearish trend points to the conclusion a test of lower support will get challenged in the upcoming week. Wait for clear indication of trend reversal.
Fisher transformation indicates a reversal is about to happen, and in accordance with previous time periods, fisher signal indicates a price increase is more likely than a decline, given monthly daily price ranges. We have the support lines, to indicate the general movement of the EUR/USD.
We can not be sure when the reversal will occur. If you plan to enter long for a monthly basis, then you should buy according to the fisher signal, however, if your outlook is on weekly, daily or intraday, rather wait for further confirmation: daily, 4H or lower TF candles.
Below, you'll find EURUSD long term perspective (trend channel), DXY (trend channel). EURUSD 4H weighted average price .
EDIT: Typo in text. Fisher transformation is based on : 30, and not 50. It's based on the previous 30 days and not 50 days.
EURUSD NeutralEURUSD is looking very bullish on weekly timeframe, If we get a break and retest of the weekly resistance then we can be looking for longs to the next high, however we have a 3 touch ascending channel at the top of weekly resistance so price can possibly sell to the start of the correction