EURUSD Forecast

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Forex trading analysis on currency pairs based on price action analysis.

EURUSD Forecast – Indecision Range

EURUSD Analysis TodayPrevious EURUSD forecast talked about price reaching $1.02975 after successful bullish breakout to the upside. The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels. Small bullish indecision candle has formed...

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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 candles previous week when we...

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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 zone which was too hard to...

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EURUSD Forecast – $1.06400 Bulls Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.04700 and the price has done that. The retrace happened pretty quickly. Just in two days the price returned and reached that level. On Tuesday the price made a strong bullish candle reaching high levels inside...

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EURUSD Forecast – $1.04700 Retrace Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a breakout from a range that was held inside for two weeks. The price made a breakout on Wednesday after testing the $1.05825 resistance three times. The same day price formed a bearish pin bar after which the price made a...

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EURUSD Forecast – Wait for a Breakout

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. It was close to the first target, but there is selling pressure on the upper side that is preventing that. If we check the candles that were formed during the...

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EURUSD Forecast – $1.07388 Retrace Target

EURUSD Analysis TodayPrevious week analysis talked about price moving down for around 100 pips and 300 pips in the long term. The price has reached both targets in four days. Price started on Monday with bearish move down reaching demand zone around $1.06736. From there price bounced back up, but...

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EURUSD Forecast – $1.07825 Next Target

EURUSD Analysis TodayIn the EURUSD previous analysis I have mentioned the price is targeting $1.09860 and the price done that. And if the price breaks below that price we could see the price heading down to $1.08846 if the $1.09860 is broken. And price has done that easily where we did not see any...

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EURUSD Forecast – $1.07825 as a Target

EURUSD Analysis TodayIn the previous two weeks the price is in bearish mode without any signs of recovering in the short term. Only a few bullish candles have formed on the downtrend channel support line. But those candles were short lasting and did not have any support on the following candles....

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EURUSD Forecast – Huge Shift in the Market

EURUSD Forecast EURUSD chart analysis What we can see on the chart is the market turnaround where bears have lost their strength against bulls. Starting from Monday we can see bulls have taken over and push the price back in the downtrend channel. For the next two days we can see smaller bullish...

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EURUSD Forecast – Bears Have Took Over

EURUSD Forecast EURUSD chart analysis The price has dropped strongly after the first two days where we can see two bearish candles with large wicks. Those wicks representing the price had a strong support at the $1.13094 level. On Wednesday the price managed to break below previous two day wicks...

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EURUSD Forecast – $1.14748 First Target

EURUSD Forecast EURUSD chart analysis Last two weeks the EURUSD price was in the range between $1.12350 on the bottom side and $1.13600 on the upper side. The price was making its way up every few days and had stopped for a while close to the downtrend channel. The downtrend channel line posed a...

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EURUSD Forecast – $1.18000 Pullback

EURUSD Forecast EURUSD chart analysis The market did not move too far from the price it started the week which shows indecision in the market. We had a week started with indecision candles for two days and then a bearish candle on Wednesday. That move did not last for too long because on Thursday...

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EURUSD Forecast – $1.16180 is Very Close

EURUSD Forecast EURUSD chart analysis On Monday the pair broke down from the confluence of support, but the day ended almost on the price the day started. It was a sign of confluence, but on Tuesday we had a nice bearish Pin bar pointing down because of daily close below Monday close. And on...

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EURUSD Forecast – $1.19000 as a Double Top

EURUSD Forecast EURUSD chart analysis A bearish Pin bar was a signal there will be a bearish move. And the double top that was formed was also a nice bearish signal. From the week beginning the price has changed direction and moved down. The confluence of support stopped the price, but did not...

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EURUSD Forecast – $1.17200 Is a Breakpoint

EURUSD Forecast EURUSD chart analysis The week behind has shown bears breakout below previous day candles lows which led the price to $1.17200 support level. Week started with small bearish candles and on Wednesday touched the support at $1.17200 and in the following two days reversed up to...

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EURUSD Forecast – Euro is Losing its Ground

EURUSD Forecast EURUSD chart analysis Last two weeks were pretty bad for the Euro currency because the price has fallen down to low levels which we have not seen since April 2020. The price started the fall two weeks ago on 09.06.2021. when the daily bearish Pin bar formed. Since then the price...

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EURUSD Forecast – $1.22800 is the Next Stop

EURUSD Forecast EURUSD chart analysis The price broke above $1.21800 on Tuesday and we had strong buying sentiment. Then the market reversed back down to find support on the $1.21800 which happened on Wednesday. Reaching $1.21800 the price found support that pushed the price back up, but it did...

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EURUSD Forecast – Bulls Now Have Job To Do

EURUSD Forecast EURUSD chart analysis It was hard to break above and the price action shows that with candles on the chart. Monday was a day when the price could not make its way, up or down. Tuesday was a day when the market decided to move up by forming a bullish Pinbar. That was the signal we...

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EURUSD Forecast – Bulls are Rocking

EURUSD Forecast EURUSD chart analysis The price played out just like it was mentioned in the previous week's analysis. The price broke above $1.20000 and reached $1.20800 level. From the $1.20800 price bounced back down because lots of sellers entered and buyers cashed out their profits. The move...

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EURUSD Forecast – Start of the Bullish Mode

EURUSD Forecast EURUSD chart analysis The pair managed to break above $1.19000 which turned the market slightly into bullish mode. After last week engulfing candle the pair has found strength to move 100 pips up and reach key level at $1.20000. The move last week was not so strong and the weekly...

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EURUSD Forecast – Descending Channel Broken

EURUSD Forecast EURUSD chart analysis The price reverse happened and the $1.18400 was reached as was said in the previous weekly analysis. But, the price managed to get out from the descending channel and reach major resistance at $1.19000. After reaching resistance level at $1.19000, the price...

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EURUSD Forecast – $1.19000 Is Still Holding

EURUSD Forecast EURUSD chart analysis We have an end of the week with the price around the same level where it started the week. The $1.19037 is still holding as a support. What we can see from the start of the week is that the price has moved to $1.19037 and from there reversed back up next to...

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EURUSD Forecast – Indecision In the Market

EURUSD Forecast EURUSD chart analysis  This week price did not behaved as predicted in the previous weekly forecast because the price did not moved down when it returned back to downtrend channel resistance line. The price managed to return back into area between $1.20800 and $1.21793 leves....

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EURUSD Forecast – Tough Fight Follows

EURUSD Forecast EURUSD chart analysis  Monday was pretty unclear because a large bearish Pinbar formed after Friday's sell off. On Tuesday the price started to climb up and closed the day below previous candles close which was not clear sign will the price manage to break higher. Wednesday...

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EURUSD Breakout from the Uptrend channel

EURUSD Outlook EURUSD Yesterday's chart analysis  The price made three things I have mentioned in the previous week forecast. The price: Reached $1.20800 Made a pullback to $1.19300 - $1.19500 area Bounced back above $1.20000 After reaching the $1.20000 level the price bounced down as a...

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EURUSD In the Middle of Range Area

EURUSD Outlook EURUSD Yesterday's chart analysis In the previous analysis I have pointed out that the two things can happen. the pair could reach $1.19000 and then make a pullback to $1.18200. Both points were realized last week in just one day, on Monday. The price did not stop at the $1.18200,...

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EURUSD Back in the Uptrend Channel

EURUSD Outlook EURUSD Yesterday's chart analysis In the previous analysis I have pointed that the price could reach $1.16178 level and then make a pullback to $1.16700 - $1.17000 area. The price did just that and reached uptrend channel support level which is a confluence of horizontal resistance...

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EURUSD Testing $1.17000

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD has made a pullback this week after it confirmed breakout from the descending channel. On Monday, October 12, the pair formed an indecision candle that stopped price moving higher. Since then the pair was making bearish candles. On Wednesday...

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EURUSD – Bullish Breakout Confirmed

EURUSD Outlook EURUSD Yesterday's chart analysis The pair returned again inside range area that was active from July 27 until September 22. Bears could not hold the price below $1.17000. The EURUSD has fall down to the first support level at $1.16178 where it found buyers that stopped the price....

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EURUSD HEADING DOWN TO $1.15462

EURUSD Outlook EURUSD Yesterday's chart analysis The price finally found a way outside of the range between $1.17000 and $1.19000. The range was holding the price for almost two months. The range started at the end of July and lasted until yesterday. The yesterday daily candle has closed below...

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Daily Analysis for EURUSD, August 13, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The range from $1.17094 to $1.19030 is still holding the price. EURUSD has formed a bullish engulfing bar on the daily time frame right on the lower level of the range area. The engulfing candle shows that the bulls are still holding and not...

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Intraday Analysis for EURUSD, August 12, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD is in the range between $1.1725 and $1.19030 for several days. The price has reached a strong resistance level at $1.19000 and buyers did not have enough strength to make new highs. Current market formation looks bearish. Many bearish candles...

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Intraday Analysis for EURUSD, July 31, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price made a pullback to previous resistance level at $1.17406 that is now acting as a support. Few small bearish candles had formed and it looked like the price was moving outside from the uptrend channel. The price only made a small pullback...

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Intraday Analysis for EURUSD, July 30, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis Yesterday the price found more buying strength to move up and close above $1.17700. We have a steep uptrend channel that is driving the price up. Since yesterday's analysis the price has formed few bullish candles. One bullish candle has formed...

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Intraday Analysis for EURUSD, July 29, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The bearish engulfing candle took the price a little lower. The price reached $1.17000, a round number where the support is. After that a few bullish Pinbar has formed and pushed the price higher to a strong resistance of $1.17406. The sellers could...

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Intraday Analysis for EURUSD, July 28, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price has reached the target level I have talked about in the previous analysis. The entry point was also a good one with over 100 pips of profit. The price reached the $1.17406 level where the price stalled. The road to the $1.17406 was without...

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Intraday Analysis for EURUSD, July 27, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis Yesterday the price managed to break above the $1.16178 level that was holding the price for almost a day. When the U.S. trading session started the price found buyers support and closed above strong resistance level. There were several candles that...

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Intraday Analysis for EURUSD, July 24, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price has made a new high. A $1.16178 level was reached. Yesterday market behaviour shows us that we had a small pullback to the area near $1.15343 and from there we had a strong bullish candle. That bullish move drove the price to $1.16178...

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Intraday Analysis for EURUSD, July 23, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price has made a new high. A $1.16000 level was reached. Yesterday market behaviour shows us that we had a small pullback to the area near $1.15000 and from there we had a strong bullish candle. That bullish move drove the price to $1.16000...

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Intraday Analysis for EURUSD, July 22, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis Bears were not active on the market yesterday and the price managed to reach a long waiting $1.15000 level. On the yesterday morning the market was preparing for a move. We can see a bearish candle that has formed on the uptrend resistance line and...

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Intraday Analysis for EURUSD, July 21, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis Saturday's analysis had several good points that were predicted correctly. The price pulled back on Monday open and the area near $1.14000 was reached. After that the price had another run to the uptrend resistance line. Confluence of resistance...

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Intraday Analysis for EURUSD, July 18, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price reacted on yesterday's trading session when the London session was active. The price has moved higher to the previous high. The previous high is the $1.14373 level which is high on Thursday and Wednesday trading day. That level was reached...

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Intraday Analysis for EURUSD, July 17, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price reacted on yesterday's trading session when the London and New York trading sessions were active. Yesterday's analysis predicted that we could see bearish movements because of the candle formation. If you did not read the analysis you can...

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Intraday Analysis for EURUSD, July 16, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price reached new highs on yesterday's trading session when the London and New York trading sessions were active. New high at $1.1451 is reached, but the price did not stay too long. At that price we can see indecision candle which is broken...

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Intraday Analysis for EURUSD, July 15, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD has managed to make its way above $1.13427. It has reached a $1.14000 level that was waited for a long time. It has been more than a month since last time when the price was at this level. After breaking above resistance level at $1.13427 the...

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Intraday Analysis for EURUSD, July 14, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price reached $1.13427 and even higher than that. The push was from the traders who entered into the market yesterday. Only one bearish candle was seen yesterday and it was engulfing bar. While the engulfing bar formed in the middle of the...

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Intraday Analysis for EURUSD, July 13, 2020

EURUSD Outlook EURUSD Friday's chart analysis The price still does not have a clean direction even after breaking above the resistance line. As we can see the Friday has offered us only a reversal back into the range area. A false breakout from the uptrend channel and above resistance line was...

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Intraday Analysis for EURUSD, July 10, 2020

EURUSD Outlook EURUSD Yesterdays's chart analysis Yesterday was a day when we had a breakout from the uptrend channel. As was said in yesterday's analysis and in the email I have sent to G-Traders, if the price breaks out we need to wait for the pullback and retest of the uptrend channel...

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Intraday Analysis for EURUSD, July 09, 2020

EURUSD Outlook EURUSD Yesterdays's chart analysis The price has been making indecision candles in the area where several candles did not manage to close above or below which would open direction for the future movement. From yesterday's analysis it took two more candles to break out, in this case...

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Intraday Analysis for EURUSD, July 08, 2020

EURUSD Outlook EURUSD Yesterdays's chart analysis EURUSD has broken out from the indecision area that I have mentioned in yesterday's analysis. The break out took the price down to the first support area at $1.12806. Strong bearish candle has formed after the few indecision candles. That strong...

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Intraday Analysis for EURUSD, July 07, 2020

EURUSD Outlook EURUSD Yesterdays's chart analysis EURUSD has broken out from the wedge pattern and from the downtrend channel. The price has risen up to the strong resistance level at $1.13427 which is the resistance level that price is trying to break since June 16. This is the third time the...

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Intraday Analysis for EURUSD, July 06, 2020

EURUSD Outlook EURUSD Friday's chart analysis Friday did not offer too many movements and the price stayed where it was at the beginning of the day. The price did not break below the confluence level to test the previous strong support level at $1.11871. Confluence level of support consists of...

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Intraday Analysis for EURUSD, July 03, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis The price has returned back in the indecision area where we need to wait again to see what the price will do. Last 24h EURUSD pair has done a test of the channel downtrend resistance line and horizontal resistance line. The area where those two...

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Intraday Analysis for EURUSD, July 02, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD has managed to break above from the small indecision area that was mentioned in yesterday's analysis. After a few indecision candles the price have fallen down to support level at $1.11871. The price formed a nice bullish Pinbar that had a...

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Intraday Analysis for EURUSD, July 01, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis Yesterday's analysis was pretty close to the scenario that happened on the market. EURUSD has tested the support level around $1.11871. After testing the support level a nice bullish Pinbar has formed that pushed the price back to the resistance...

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Intraday Analysis for EURUSD, June 30, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD did not do too much yesterday except going up and then going down where it started from. The one thing the price has done is close above $1.12366 which is now an important support level. Strong bearish candle that took the price from the...

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Intraday Analysis for EURUSD, June 29, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD yesterday did not do anything clear that would guide us in some way. Looking at the daily time frame we can see indecision candle. It means the price did not find its way in any direction. In the H4 time frame we can see the price has done...

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Intraday Analysis for EURUSD, June 26, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD has fallen down to its strongest support level in this range area. We have a range area that consists of the area between $1.11871 and $1.13427. I was waiting to see if the price came back to the support level at $1.11871 which is the second...

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Intraday Analysis for EURUSD, June 25, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis After the yesterday's analysis, EURUSD has made retrace to $1.12806. On that support level we had a bullish Pinbar that was indicating the price could move further up. But, the price did not move up and instead it moved down. Two strong bearish...

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Intraday Analysis for EURUSD, June 24, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD after the breakout from the wedge pattern reached first strong resistance at $1.13427. Yesterday's two strong bullish candles have drive the price very fast to the resistance level which indicates strong bullish momentum after the breakout....

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Intraday Analysis for EURUSD, June 23, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis If you have received my yesterday's analysis as a G-Trader member, then you have seen that the EURUSD pair have done what was predicted. The price have made small bullish Pinbar on the strong support at $1.11871 and breakout from the falling wedge...

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Intraday Analysis for EURUSD, June 22, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis On the yesterday's analysis I have pointed that we could see pullback to $1.12366. The price did right that and returned back to support at $1.11871. When the price touched $1.12366, it bounced back strongly with only one bearish candle that...

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Intraday Analysis for EURUSD, June 19, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis EURUSD has fall down to $1.11871 support  and it did not make a move to the upper side. The two H4 Pinbar's on the support level at $1.12366 did not hold the price and could not push the price to the resistance line at $1.12806. The price have move...

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Intraday Analysis for EURUSD, June 18, 2020

EURUSD Outlook EURUSD Yesterday's chart analysis From the indecision candles that have formed after large bearish candle that brought the price down to $1.12366, we had a bearish Pinbar right on the strong resistance level, $1.12806. The Pinbar pushed the price down to support level at $1.12366,...

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Intraday Analysis, June 10, 2020

EURUSD Outlook Yesterday's analysis EURUSD has made false breakout down after several indecision candles on H4 time frame. I have talked about possibility that price could make a test on the support at $1.12366 and make a bullish price action signal. If we take a look on the H1 time frame we can...

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XAU/USD Intraday Technical Analysis

Yesterday’s chart on XAUUSD Gold have done bearish scenario where the price have broke below $1693.69 and touched near $1670.00. Now is located inside downtrend channel that was broken on May 29th. Strong bullish Pinbar on the strong support line shows a lot of bulls power. It is candle formed...

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USD/JPY Intraday Technical Analysis

Yesterday's Summary The price have break above strong resistance level and now have stopped at 109.622 level. Bearish Pinbar's could not stop the price moving higher but at this level we have now small pullback. Outlook for USD/JPY We could see the price moving back down to 109.269 level. There it...

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EURUSD – Price Targeting 1.1400

Yesterday's Summary EURUSD price have only one direction and that is going up. For now, nothing has stopped price reversing back and slowing it down. Yesterday price have pulled back to support level at 1.11871 after small bearish Pinbar have formed on the chart. That Pinbar was a sign that some...

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EURUSD – Is This All From The Bulls

Yesterday's Summary In the yesterday's analysis I have pointed that the price looks very bullish and there could be possible move up to 1.12366 level. Price have break out from small consolidation on the confluence level and reached next resistance level. Price managed to break uptrend channel...

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EURUSD – Bulls are Pushing Higher

Yesterday's Summary EURUSD bulls pushed the price from the consolidation area that is next to weekly trend line and 1.11091  level. Price have break out strongly with large bullish candle and stopped on the next resistance level. Resistance at 1.11871 is a confluence level where resistance and H4...

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EURUSD – Friday, Day of Uncertainty

Yesterday's Summary I have pointed yesterday that we could see small bounce between 1.09860 and 1.10373 levels. That has happened and price bounced for two H4 trading session. After that price had very strong move up to the next resistance level, 1.10755. That level is also area where horizontal...

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EURUSD – Bulls Are the Winners

Yesterday's Summary Yesterday was a day when the bulls have pushed the price through resistance level that was holding price since 14.04.2020. Back then it was the first time price have tried to break this resistance and failed. On the yesterday's analysis I have pointed that in the bullish...

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EURUSD – Bulls Are in Control

Yesterday's Summary We had bullish scenario from yesterday's analysis where bulls managed to drive the price higher. Price have gone outside symetrical wedge pattern which is the second time it has done that.As I have pointed on yesterday's analysis, if the price manage to break out of the wedge...

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EURUSD – Pair is in Consolidation

Yesterday's Summary I have pointed out on Saturday's forecast that the price could make a move into the previous range area. The test was done and the price have rejected after entering into the range area. First, price have stopped for a while on the upper side of the range area. It stopped on...

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EURUSD – Back in the Wedge

Yesterday's Summary Price have managed to come back down inside wedge pattern and it has reached first support level. As discussed yesterday for bearish scenario price have returned back and stopped right on the upper level of the previous range area. It was pretty easy drop down with just 2...

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EURUSD – Bulls are Still Holding

Yesterday's Summary Bulls have managed to drive the price even more up to the resistance level 1.09860 despite two long bearish Pinbar. Large Pinbar's were not strong enough to push the price back in the range to make indecision on the market. While the price have managed to go higher and cross...

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EURUSD – Is This All From Bulls

EURUSD chart tells us that we had a bullish run in a few four hour trading sessions and that could be it.Yesterday's Summary Bulls have managed to drive the price up to the strong resistance area. That area was a strong resistance last time on 01.05.2020. when the price rejected strongly. After...

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EURUSD Chart – Free Space is Shrinking

EURUSD trading pair analysis for today shows us that the price is holding back in the space between daily trend line support and horizontal resistance line.EURUSD Chart Friday's Summary Friday was a little bit messy where the price jumped up and down. Like I said it is better to stay out because...

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EURUSD Chart – Forecast for Tuesday, May 12

EURUSD chart shows us that the price managed to break down from the range area.Yesterday's Summary As we can see the price managed to break down from the range area. It was the third time the price entered into range area in the previous two weeks. And most of the time bears have managed to bring...

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GBP/CAD Trading Setup – Possible Sell Off

Today I have found new trade setup that could give me good amount of pips. Monthly Time Frame GBP/CAD trading pair on the weekly chart have formed a Pin bar which points that there could be SELL opportunity. Monthly chart is strong indication that the pair could go lower. I am using also RSI...

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NZD/USD analysis – SELL Opportunity Setup

Today, 05.11.2019. we have another SELL opportunity on the NZD/USD trading pair. We have several signals that are pointing down: D1 bearish engulfing bar D1 Divergence D1 resistance line Something that must be pointed here is that we are currently in small uptrend and the resistance is not...

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