EURUSD Forecast – Price Locked in a Price Range

by Jan 22, 2022EURUSD Forecast

10% promo discount code: FRANO

EURUSD Forecast

EURUSD chart analysis 

The price has returned to previous low levels where the price range was holding the price for almost two months. The price range is from $1.12645 to $1.13427.

Week started with an indecision candle on the $1.14000 support level and on Tuesday the price was pushed strongly down to $1.13094 support level.

Since then the price has stayed here without too much change in price.

The strong move represents sellers that have started the move since Friday last week where we have a bearish engulfing bar. The current price that did not change too much in three days represents the indecision between bulls and bears.

Bears are strong pushing the price down and bulls have strong support pushing the price up. This indecision has created the previous range and we are again inside of it.

EURUSD Daily Forecast 22_1_2022

We need to wait until current range brakes and the market defines future direction. For now I am still bullish because at the current price we have bulls stronger which is shown with the price.

The price did not move down where the previous lows were. But it is holding on the upper side of the price range.

Counting the previous price range that pushed the price up from the current position tells me that bulls will not allow price to drop so easily.

To make the market more bearish I want to see more bearish signals around $1.14000 and downtrend channel resistance. Until that happens I will look for bullish signals expecting to move upwards.

For the bulls I am expecting to make new highs and close following days above price range candles close. That will mean the bulls are picking up and creating base ground for the next leg up.

We could be for the next week in a price range where the price will test upper and lower limits. So, at the current moment it is good to stay out until the market makes a decision.

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 ourselves for a bullish or bearish scenario. Risk management is crucial in Forex trading so play safe and set stop loss.

Check other trading tutorials:

Forex Trading for Beginners

Forex Trading Basics

Forex Trading Platform

Forex Currency Pairs

Forex Order Types

Forex Technical Analysis

Forex Trading Indicators

Forex Broker


“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

10% promo discount code: FRANO


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


Pin It on Pinterest

Share This