Bullish and Bearish EURUSD Outlook

Bullish and Bearish EURUSD Outlook

What we see we trade, as we are end of Sept 2023 last weekly of trade playbook for EURUSD.

Monthly Playbook

As we have witness 38.2% of Fibonacci scale multiple touches at the same time RSI 8 is crossing from top to RSI 13. (RSI 45.78) As we see we are bearish trend. To read the same after July candle inverted candle. (

&

) perfect text book example of inverted candle. Aug candle with upper and lower wick engulfing candle. As we are in month of Sept last week did touch 38.2% Fibonacci Scale but did not close below we are still one more week to get this monthly candle.

Weekly Playbook

As we have witness last week close as inverted hammer weekly (

)
Again we see inverted hammer is close below 38.2% of Fibonacci scale, (

)which mean we are having bearishness in market as well monthly candle is near to 61.8% clustering with 38.2% Fibonacci Scale.


Daily Playbook

There are is similarity checker (

) as identify on 18th July with fractal formation and market becomes a bearish. Last couple of day getting rejected from bottom creating double bottom candles. With Fibonacci Scale last 2 candles. Thursday 21st Sept 2023 candle perfect text book example close 38.2% and Friday 22nd Sept candle is 50% which mostly likely to get failed mean as we see rejection from bottom will not carry out to bullishness. (

)

As market open we will update on the same link as real time any new trend.

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Daily Harmonic

4H Harmonic

1H Harmonic