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  1. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    Too bad you have lost money, but it is the part of trading. Use stop loss to prevent losing a lot and wait for the correct signals. I hope you will recover.
  2. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    There is no indicator on the chart. I am not using indicator for the analysis. Sorry.
  3. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    EURUSD has reached a resistance level at $1.19000 which is the upper level of the range area. Range area spreads over 200 pips wide area between $1.17000 and $1.19000. The $1.19000 level acted as a good resistance level on the last two attempts. First time was at the end of July and the second...
  4. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 allowing the price to move down. Two candles after...
  5. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    Yea, this is on H4 time frame, mostly, and sometimes on Daily time frame.
  6. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 have overtaken the market. The bearish...
  7. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 as a false breakout. As was mentioned yesterday...
  8. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 right on the confluence level and could not close...
  9. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    A candle formation that has formed on the chart consist of a few bullish Pinbar and small candles that do not point anywhere, at least for a strong further move. Relatively large bearish engulfing bar was not overtaken by bulls which tells me that there could be some problem for the bulls. For...
  10. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    The price could not make a move higher in the last two H4 trading sessions. That means bears have found some strength and buyers are losing strength. A support where the price could stop from falling is around $1.16739. I am not anymore bullish oriented as I was in the last few days. Current...
  11. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 could not push the price down or up, but at...
  12. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 level where the price found a resistance. This...
  13. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 level where the price found a resistance. This...
  14. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 push the price down to $1.14373. From there...
  15. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 lines at $1.14373 was too hard for the price to...
  16. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 at the same time on each day. That is when...
  17. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 with strong bearish candle. The indecision...
  18. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 price pulled back and made a retest of that...
  19. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 uptrend channel I did not put too much focus on...
  20. Frano Grgić

    General EURUSD Chart Analysis 3.70 star(s) 30 Votes

    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 short lasting. After two H4 trading sessions...
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