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Eurousdforecast

EUR/USD Buys from 1.09400 back upEU's market structure is currently very similar to other setups I'm watching. After a bearish run over the past week, I expect price to slow down as it approaches the key 7-hour demand zone I’ve marked out. Once price sweeps the liquidity at the equal highs (EQHs), I’ll be watching for accumulation on the lower time frames (LTF) before a potential mitigation of the 7-hour demand zone. If price doesn’t reach this demand and instead pushes up to mitigate a supply zone like the 15-hour or 5-hour above, I’ll shift my focus to selling in line with the bearish trend. For now, I’m waiting to see how the market behaves at the open to decide on the next move. Confluences for EU Buys: - The 7-hour demand zone has triggered a CHOCH to the upside. - There are major imbalances and liquidity above that need to be filled. - For price to retrace to the supply zone, it will need to move upward. - The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a dollar drop and support bullish momentum for EU. Note: If price breaks through the demand zone, it will also break more significant structure to the downside, confirming a long-term bearish outlook for EU.
Long
by Hassan_fx
EURUSDT - change trend. Large Wyckoff reversal model.Large Wyckoff reversal model. - Price is trying to break the trend line - Price is forming a triangle - The price made a false break of the lower boundary of the sidewall - 12-month timeframe shows fractal reversal with three bars if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Long
by Artem_Dishel
EU forecastEU daily chart demonstrates a growth channel since march 2020. The candles bottoms got up. As you see the alternating behavior in this channel. I see this downward movement is not only a bearish trend but also is natural. Now the support zone 1.1875.1885 can play an elevation role for EU. So If this support breaks down, we lose this channel and face a deeper pullback. Totally I predict the trend should rise for this pair. Now I recommend to wait for daily candle to be closed. This is not a financial advice. Just take it for training.
Long
by amirh1989
EURO Has Completed Bullish Setup Against US Dollar On Long TermAfter successful BAT A very big bullish Shark pattern: Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair. Before this Shark pattern we can also examine that from December 2015 to Feb 2016 the euro completed bullish BAT patter and started is very big bullish rally from the potential reversal zone of this BAT. The rally started from Jan 2016 and ended on Feb 2018. This time the bullish rally can be stronger than the previous one because this Shark pattern is more bigger than the previous bullish BAT as it was started from December 2016 and completed in March 2019. And this month we can see that the price line of euro has taken bullish divergence and hit the sell zone that I defined as per Fibonacci sequence of bullish Shark pattern. But after hitting the sell zone the priceline again dropped down in the potential reversal zone. Why priceline moved down in PRZ level again? Now the question is that what was the reason that stopped the priceline to completely enter in the sell zone to start a bullish rally. To know this we need to switch to the week chart. And here we can see that the there are four simple moving averages working as resistance. The 25, 50, 100 and 200 simple moving averages and the priceline is not able to cross up or break out even a single of them and moved down. A formation of falling wedge: On the same weekly chart we can also observe that the price line is moving within a falling wedge since November 2017. We can see two more touches by the candlesticks at the resistance of the wedge and after these two recent touches the resistance of the falling wedge is more confirmed. Now at this time the candlesticks are hitting at the support of the Wedge. I have also so placed the volume profile on the complete price action moving within this wedge and as result we can see that the trader’s interest is very low below $1.10 and the point of control of the volume profile is at $1.14. This time the price line is moving in the area where the traders interest is very low therefore there are strong chances that the euro will take the bullish divergence from the support of falling wedge and move up at least up to the point of control of this volume profile. Oscillators and indicators: If we see some indicators and oscillators then we can see that relative strength index (RSI) has already visited the oversold zone therefore I am expecting that it will not enter in oversold zone again. The moving average convergence divergence (MACD) is strong bearish and the stochastic is in bear cross. Once we will have bull cross from stochastic and MACD will be turned weak bearish from strong bearish then we can expect that the priceline will make another attempt to break out the resistance of the wedge. And once the resistance of the wedge will be broken out then we can expect a very powerful bullish rally that can totally change the market balance between Euro and US dollar. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
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