An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday.
My next target is at the 1.240000 level.
Expecting a pullback to retest the 1.21800 level before moving upwards.
Follow for further updates, your...
A quick look at the EURUSD and last week saw price hold comfortably above the Daily 20-EMA.
Potential targets above at the 1.20000 and 1.240000 levels.
Entries from the 20-EMA at 1.18150 to target the levels above.
Price looks to be nearing the end of this contraction zone and ready to break out to the upside. However, there could also potentially be a...
Key levels for this week -
- Going into this week looking for bearish continuation
- Any pullbacks towards key level will be used for new entries
Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis...
Key levels for week ahead
- Overall market is in bullish structure but due to choppy market (potentially nice consolidation for continuation) will just let market breathe and show clearer signal for new entries.
- If DXY analysis goes as planned this pair should do as well.
While the price is above the support 1.0660, resumption of uptrend is expected.
We make sure when the resistance at 1.0850 breaks.
If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.0660 is broken.
A trough is formed in...
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9520 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s)...