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General EURUSD Chart Analysis

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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
 
EURUSD had bull run just in few four hour sessions where the price have reached resistance level.
That level is hard to break up and price formed two bearish Pinbar.

Daily time frame is showing bearish Pinbar. All those signals suggest we could see price moving down to the range area support level.

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Good and informative post on the topic and euro usd is my favourite pair as this is stable in the market and I always try to use this pair to find the usefulness my stratagies
 

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.

To make the market more bearish I want to see more bearish signals around $1.14000 and downtrend channel resistance.

We could be for the next week in a price range where the price will test upper and lower limits.
EURUSD Daily Forecast 22_1_2022.png
 
What are the news about Chinese currency being stronger than US Dollar? It would be good for the world when de-facto status of US
Dollar would meet some worthy challenge but not with Chinese Yuan
 

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.

What we can expect in the following days is the price returning back to resistance level at $1.11871 which is now a confluence of resistance where horizontal support line and downtrend channel trend line are crossing.
EURUSD Daily Forecast 29_1_2022.png
 

Starting from Monday we can see bulls have taken over and push the price back in the downtrend channel.

The price is close to the scenario where the market shifts from completely bearish market sentiment to bullish sentiment.

If the price manages to close above $1.14748 and then $1.15462 we can say the market is in the bullish sentiment.
EURUSD Daily Forecast 5_2_2022.png
 

The price started the week with weak bearish candles where the candles closed close to support at $1.14000.

That support level is a confluence level of support where we have a downtrend channel line that supported the price from falling down.

We can expect the price to reach the support level at $1.13000 and from there we need to see what happens.

If the price created bullish candles or price action candles suggesting a move up, like bullish Pin bar or Engulfing bar, then we can say the bulls are trying to make a move upwards.
EURUSD Daily Forecast 12_2_2022.png
 
I think itll drop a little further to hit into that OB and then push higher. I am monitoring the DXY closely too. I like your analysis :)
 

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