Frano_Grgic

Frano_Grgic

It was mentioned that the price is in between support and resistance level, between $1.07825 and $1.08846, and it needs to move somewhere outside of this range. The price did not move outside, but bounced between these two levels. We can expect that the price will have trouble breaking the $1.08846 resistance level because we have a monthly trendline that is...

Frano_Grgic

The price started the week with a small bullish candle and ended the week with a small bullish candle which makes the week bullish. Thursday and Friday candles returned the price higher and closed the week as a bullish. The price is now inside the indecision area which the price needs to break to determine future move. With these strong resistance levels the...

Frano_Grgic

The price managed to continue to move up and eventually broke above $1.06736. On Friday the price closed the day above $1.06736 resistance line which opened a door for the price for future move to the upside towards $1.07825. If we take a look at the monthly time frame we can see the price has managed to close above the downtrend channel resistance line. That...

Frano_Grgic

The price has started the week with an indecision candle where the price has touched $1.05825 resistance and $1.05087 as a support level. Now the price is on the support level $1.05825 that should hold so the price can move again on higher levels. Weekly time frame shows $1.05825 is still not broken on the upside, so we need to wait until the market manages to...

Frano_Grgic

The price started to move up on Monday and it reached $1.05825 resistance level where the price bounced and returned down and closed the day below $1.05087. On Friday the price bounced again from the $1.05825, but we need to have in mind that a Friday is the day when traders get out from their trading. With $1.05087 as a support level we could see a price for a...

Frano_Grgic

The price formed a bearish Pin bar on a Monday and the price returned back down close to $1.02669 which is daily support level. The price did not stay for too long because the demand zone around $1.02669 pushed the price up on Wednesday with a strong bullish candle. We have monthly, weekly and daily time frame suggesting the price will continue to move...

Frano_Grgic

The price continued its move to $1.02669 on Monday, but since Tuesday the price was forming bullish candles. The price reached the demand zone around $1.02669 where we have a confluence of support and from there the bulls pushed the price upwards. The next level for the bulls is at $1.05087 where we have small daily resistance, but the final target is $1.05825...

Frano_Grgic

We can see on the chart the price formed a small bullish Pin bar on Monday and the price started to move to a higher level. The price broke above $1.01368 on Tuesday, but the price returned back down. I am expecting the price to move down slightly, around $1.02000 or above, and continuing to move up.

Frano_Grgic

The price formed a strong bullish engulfing bar breaking $1.01368 resistance level. On Friday the price returned down close to $1.01368 and tested this demand zone as a support and then returned back up and broke the $1.02669 resistance level. Week ahead will show some price fall to the first support at $1.02669 and probably to $1.01368 as a weekly support...

Frano_Grgic

The Monday candle has closed below support level and continued to move down in the following days. On Tuesday we have a bearish Pin bar suggesting move down after testing the previous support now as a resistance at $0.99134. Weekly candle has closed as a bullish Pin bar on the critical level at $0.99134. The next level for the bulls is $1.00400 on a weekly...

Frano_Grgic

The price closed above $0.99134 which was the resistance level and supply zone that was holding the price for a while. The breakout was confirmed on Wednesday when the second bullish candle formed and reached $1.00900 level. The next week on Monday will be the last day in this month which is an important day to watch. So, if we see Monday close above current...

Frano_Grgic

The price did not return back down and test the $0.96716, but it moved to the upside and tested the previous small resistance as a support level. Since the price managed to close the day above previous daily candles this is indication we will see the price more higher. The next level for the price is $0.99134 which is the next target in the coming week. The...

Frano_Grgic

The price had indecision on Tuesday and Wednesday which shows sellers and buyers strength to move the price in their direction. This shows a false breakout from the indecision area to the upside so we could expect a move to the downside at least to the $0.96716. The daily overview shows that the price could return back down to $0.96716 support level, but there...

Frano_Grgic

Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days. With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the price will move down. The price is falling down and the next support is at $0.96716 where we have a demand zone where the sellers will...

Frano_Grgic

The price reversed from that demand zone and formed a strong bullish engulfing candle that took the price back to downtrend channel resistance line which is a small confluence of resistance with supply zone at $0.98300. Higher price level where we can expect the price is around $0.99134 which is the first strong resistance for the price. On a weekly time frame...

Frano_Grgic

On Monday the price formed a bullish candle with daily close above previous day candle close. This was indication the price is continuing moving in the same direction as the previous week has ended. The first small support and demand zone that will hold the price is $0.96000 price that acted as a support in the previous bearish attempt to reach lower...

Frano_Grgic

The price opened a week with a gap to the upside and reached the weekly target mentioned last week. The strong bullish trigger to the upside pushed the price higher and the price reached $1.01960. The price still needs to break above the small downtrend channel resistance line and small supply zone slightly above that resistance line. And then the strong...

Frano_Grgic

The breakout was a false one on Tuesday and what usually happens after a false breakout the price moved in the opposite direction. Friday shows price decline after traders taking profits around $1.01368 who bought the price at the $0.99314 which activated a sell off returning the price down. Next week we need to see the price above the small downtrend channel...