Recent content by ForexViking

14/11/2022 - EURUSD weekly analysis. The dollar is now weakening and we are on the move up. I’m watching for pullback short term before a further move up an fully looking for further long opportunities. Reasons for weaker USD?: “weaker-than-expected U.S. inflation data” “Slowing price...

31/10/2022 - EURUSD weekly analysis. We’ve broken the upper downtrend line and are retesting as support, waiting for confirmation to see where we’re headed. DXY has also broken uptrend and is retesting, the mirroring to EURUSD showing that strength in the dollar has been the main factor for...

24/10/2022 - EURUSD weekly analysis. The pair is continuing to move downward through the trend channel with 0.99 looking like a good place for resistance. I’m still in shorts from parity (1.0) and watching maybe 0.99 for new res, anything above or at parity will make me change bullish but...

19/09/2022 - EURUSD weekly analysis. We’re back at parity (1.00122 as of writing) and I remain bearish. Lower highs and lower lows still at play and we haven’t even hit winter yet which will bring the energy crisis into full swing unless Europe is prepared. High inflation news from US gave...

22/08/2022 - EURUSD weekly analysis. Coming back down to hit parity, can’t see a turn around anytime soon and downtrend continues to be textbook. Think the main question is - how far can it fall? “Retail trader data show67.76% of traders are net-long with the ratio of traders long to short...

18/07/2022 - EURUSD weekly analysis. We may see sub-dollar euro soon that we haven’t seen since the early 2000s. I’m looking at a retrace to find resistance on Monday then pilling on more shorts. Think we might see a nice sell zone around 1.04. Looking at Thursday when the ECB announce...

29/06/2022 - EURUSD weekly analysis. The euro has done well to stand up against the dollar with particularly after weak eurozone PMI figures though not sure how long it can hold. Technically the pair is looking quite neutral but lots of incoming fundamentals on their way to put pressure on...

13/06/2022 - EURUSD weekly analysis. We’ve hit against resistance and continue follow downtrend. FED’s turn this week, will be the one to watch on Wednesday. I’ll be watching for further downtrend. Despite a hawkish ECB the there’s been to much competition from the more hawkish FED “Fed...

06/06/2022 - EURUSD weekly analysis. “Overheating inflation and slowing economic growth are still the main market drivers.” For me I’m still feeling bearish, not much has changed in my outlook of the pair long term. So I’m going to discuss some macro sentiments I have: High inflation: EUR...

EURUSD 20/05/2022 - weekly analysis. Can see us hitting consolidation or a drop unless we hit a curve ball. Volatility and volume are up. Currently at the 1.05 and looks like we’ve settled bellow lower trend line but sideways movement through the trend wouldn’t make me bullish. For me a...

18/04/2022 - EURUSD weekly analysis. Will be mostly quiet today (18th) as Easter but on Tuesday keep all eyes on USD fundamentals. Still hanging around the strong 1.08 support mark waiting for a move. As last week 1.08-1.075 still looks like a strong place of support on the downtrend line...

11/04/2022 - EURUSD weekly analysis. The pair appears oversold but may be further to go to hit main support. ECB was positive on EUR this week but any gains from news was short lived. Fedspeak propped the dollar up with “St Louis Fed President James Bullard argued on Thursday that they...

EURUSD - 28/03/2022 - With turmoil at Europe’s doorstep the EURUSD continues downwards towards a stronger dollar. The slow economic recovery in Europe is stopping the ECB from tightening monetary policy. This on top of risk adverse markets has me on the sells. “hawkish Fed rhetoric, and the...

07/03/2022 - EURUSD weekly analysis. I probably don’t have to say it but we are currently in a black swan event. Sanctions have been implemented against Russia for the unprovoked invasion of Ukraine and more are on the way. The EURUSD has fallen due to uncertainty over the war and we are...

07/02/2022 - EURUSD weekly analysis. Bit of an upset to the downtrend with previous 1.145 level being tested again, but will it push above. It seems like a hawkish ECB has finally given the EUR a bit of a pump and this week we may see if a higher low can begin an uptrend or if this is mainly...