EURUSD Forecast – $1.18400 as a Possible Sell Entry

by Apr 3, 2021EURUSD Forecast

Strong selling pressure pushed the price down to $1.17203 support level where the minimum price $1.17030 was reached.

Week has started with small volatility and ended as a bearish candle. It was a sign that buyers are not able to do any change in market direction.

When the price reached support at $1.17203 it bounced up, and the bullish candle closed above previous H4 support at $1.17686 which is now resistance. It is a small sign of a bullish strength, but I need to see more of it next week.

EURUSD Daily Forecast 03_04_2021

Get Access to the Same "New York Close" Forex Charts

I am Using in My Analysis

Receive a 10% trade credit bonus when funding with $1000 or more!

EURUSD Chart Forecast

It will not be too easy to break below $1.17000 support, so I am expecting the price to reach $1.18400 which is the level that previous bullish candles has reached after hitting $1.17200 support.

From $1.18400 there is more chance to see sellers pushing the price again down and making selling pressure to $1.17000 which will eventually lead to break out below.

Looking on the weekly chart it looks like it is ready to move down to reach $1.16183 support level.

When Monday ends it will be more clear, I hope so, to determine will the above analysis find support in the price movement.

I am still bearish oriented because of the weekly market overview which suggests to me the bears are running the game at the moment.

EURUSD weekly Forecast 03_04_2021

Entry EURUSD: If you want to see how to play this scenario join G-Trader

If you want to know how much pips EURUSD moves each day in a week or how much it moves on London or New York trading session, you should check this article: EUR/USD Pip Range Analysis

Trading Analysis Bonus

I am sharing trading analysis each week.

It is free and if you want to receive e-mail notification, sign up.

The Forex market is not easily predictable and we need to prepare our self for bullish or bearish scenario. Risk management is crucial in Forex trading so play safe and set stop loss.

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

Frano Grgić

Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg... GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.

Beginners Online Course

Check the best online trading course for beginners

Beginners Online Course

Check the best online trading course for beginners


For beginners who does not know how and where to start with trading

In the workshop I will tell you

what steps to do in order 

to transform yourself into a trader

EURUSD Forecast – $1.03920 Still the Target

EURUSD Forecast – $1.03920 Still the Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about $1.03920 as a target and price reached that level on Monday. The strong bearish candle reached demand zone around $1.03820. That move confirmed strong bearish sentiment that has started with two strong bearish...

read more
EURUSD Forecast – $1.03920 Target

EURUSD Forecast – $1.03920 Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about $1.06736 that needs to hold if we want to see the price on higher levels. The price returned to $1.06736 and formed a bullish Pin bar on daily time frame. The price moved higher and reached a $1.07825 supply...

read more
EURUSD Forecast – $1.06736 Support That Needs to Hold

EURUSD Forecast – $1.06736 Support That Needs to Hold

EURUSD Analysis TodayPrevious EURUSD forecast talked about price targeting $1.08300 which is close to the monthly triangle support line. But, the price could not break above $1.07825 resistance level. The price reached $1.07825 resistance and made a retrace back down...

read more


Pin It on Pinterest

Share This