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General EURUSD Chart Analysis

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matrix2021

New Member
"We have strong buyers at $1.11871".

While the weekly major trendline zone is at 1.11500 and
The monthly trendline zone a 1.11000.

Showing, that the trend is a downtrend.
"Good things come to those who wait". One can profit once they hold their trade....

This is my two cents for an apprentice trader...:cool:
 

DuuuudeFx

New Member
View attachment 8466

From this points where the price is right now we should wait for bulls if they can manage to break weekly trend line reach resistance at 1.11871. If the can do that we could see price making pullback to weekly trend line and moving further up to 1.12321 level.
Bears have more job to do to regain the strength they had in previous weeks. Their first strong support is at 1.10755 level which must be broken before attacking support at 1.09860.

We need to wait for clear signal and as a first signal would be breaking out from this small range area.
What do you use to analyze!?
 
What do you use to analyze!?
I using simple chart with support/resistance, supply/demand zone and trendlines, candlestick patterns,
The rest is just looking the candles and how they look, how they form, where the form, how they look compared to others candles, what is daily candle close.
 
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 closed the day $1.13466 which is the price above previous days candles close.

The next step is to move above $1.14000 which is now the first resistance.

And then the final resistance is $1.14748.
EURUSD Daily Forecast 1_1_2022.png
 
Week started with the bearish candle and reached a $1.13094 resistance level.

And then on Friday the price moved strongly up and closed again the week above previous daily candles close.

The price is now in the channel where $1,14000 level is highly possible.

The $1.14748 level is the next strong resistance where we can expect the price to stall.
EURUSD Daily Forecast 8_1_2022.png
 

The market broke out to the upside and reached a strong resistance level at $1.14748.

When the strong resistance level at $1.14748 was reached the price formed a small bearish Pin bar and on Friday bearish engulfing bar.

The price is now close to the confluence of resistance where the downtrend channel line and horizontal resistance line are crossing.

From there the next resistance to break is $1.16187 which is a well known level.
EURUSD Daily Forecast 15_1_2022.png
 

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