Frano_Grgic

Frano_Grgic

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...

Frano_Grgic

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...

Frano_Grgic

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...

Frano_Grgic

We had a false breakout to the upside where the second candle had returned the price back inside the price range. When the price reached the resistance line the price broke to the upside and closed the day above price range. The price could reach $1.02000 level to find better support for future move up. We now have a price between upper level of a price range...

Frano_Grgic

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...

Frano_Grgic

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...

Frano_Grgic

The price has moved strongly down on Monday and on Tuesday the price reached parity. The Friday closed above previous days bodies close so it is a small indication price could move upwards. The price is now in the downtrend channel and supply zone above could push the price down. A small retrace to the first resistance could be all that we could see from bulls.

Frano_Grgic

On Monday we had an indecision candle where the bulls tried to push the price up, but the price closed the day close to the open price. We can see the price has entered into the downtrend channel and reached the demand zone and bounced back to test the downtrend channel resistance line. The pin bar has formed right on the support level which is weekly and...

Frano_Grgic

On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside the range area. On the last two days the price reached the previous two weeks target $1.03920 and bounced from the support. If the price manages to close the day below $1.03920 then we would have price moving to long term target...

Frano_Grgic

The $1.05087 and $1.05825 range is holding the price. In the middle of the week we have a price trying to break outside of the range area above resistance $1.05825 level, but the price returned inside quickly. We have now indecision for the price which must be defined by the breakout on the upside or downside. The current support $1.05087 is stronger than...

Frano_Grgic

The demand around $1.03920 was a strong area and the price could not break further down. On Friday we had a small bearish candle that had a wick below $1.05087 support level, but the day closed at the demand zone around $1.05087. The price has closed the Friday below previous day candles bodies which is the first step to move further down. But, as the market...

Frano_Grgic

The price moved higher and reached a $1.07825 supply zone which was too hard to break. From there the price returned down and formed a strong bearish engulfing candle that closed the day below previous weekly false breakout downwards. Next week we could see a price close to $1.05825 which will be a breakout confirmation. The possible level for the price to...

Frano_Grgic

The price reached $1.07825 resistance and made a retrace back down to $1.06736 where it bounced back up, but returned down and broke below $1.06736 support level. Next week we could see a price close to $1.06736 because the price closed the week below previous week close price and this week open price. $1.06736 is now a base for buyers which they will defend...

Frano_Grgic

price reached higher levels like $1.06400 which was a high on the last bullish attempt. After breaking above resistance levels the price returned down to $1.06736 and verified the level as a support. We can see currency strength meter showing EUR much stronger than USD currency which is confirming the bulls strength. And the price will likely test resistance...

Frano_Grgic

Just in two days the price returned and reached $1.04700. On Friday we have a small retrace where traders have exited from trades and taken the profit from the strong move upwards. With strong bullish candles and breaking some critical levels to the upside we can look for the price on higher levels. The candle closed above previous candles body highs which is a...

Frano_Grgic

The price made a breakout on Wednesday after testing the $1.05825 resistance three times. Price stopped and made a retrace above $1.04000 on Friday which we can add to Friday exit where traders cash out after a strong move and get out from trades before the weekend. We can expect price moving higher close to $1.05000 resistance level and from there look for...

Frano_Grgic

Previous EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. Thing is that the price is now in the indecision area where we need to wait for a breakout. Next week we need to wait for the price to break out from this range. $1.05825 is the first target for the bulls that must be broken and retested to...

Frano_Grgic

Previous week analysis talked about price moving down for around 100 pips and 300 pips in the long term. The price has reached both targets in four days. Next week we can expect some retrace for EURUSD after strong selling pressure last week. Most likely the price will reach $1.06736 resistance or $1.07388 which should be the next target.