EURUSD Technical Analysis by GetKnowTrading

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

The price has done what was discussed in last week’s analysis. The price touched $1.21800 and returned back down to $1.20800.

The $1.21800 is close and I am expecting it will break above.

Weekly time frame shows me a clear bullish scenario with a $1.22800 target.

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

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.

I like to look on the weekly time frame and what I can see it just started the move up.

So I am expecting the price to move up and try to break above $1.22800.

 

[Forexathome]

Looks pretty spot on, expecting us to come back to the 1.225 level and break it. Can’t see any signs of reversal on my end.

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

The week started with a bullish scenario at the $1.21800 with the target at around $1.22800.

Price reached $1.22660 and then reversed back down to $1.21800.

The price is currently on a strong support where we have a confluence of support levels

First target is $1.22800 which is now a strong resistance that must be broken so the price can create its new highs

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

With two Pin bars the price could not reach new highs.

With the start of a week the price moved higher than last week’s ended, but it has short lasted.

The price is below strong resistance that has held the price above for two weeks which means it will need more buyers strength to move again above $1.21800.

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

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 current scenario does not look good for buyers because the price has support only next to $1.17200.

$1.17000 is an area of support where weekly trend line and horizontal support are crossing so I am expecting that the price will stop there.

 

[Keithstyles1]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

getknowtrading.com

The return inside range was strong. Two large bearish candles have wiped two weeks’ bulls’ work.

The price stopped at the support level $1.21793.

That level is the previous confluence of support which is now preventing the price from falling down.

If the price does not close below $1.21600 it could stay inside the range between $1.21793 and $1.22845.View attachment 61010

Thanks for sharing analysis

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

The price closed the week above $1.19000 which means the next resistance is at $1.20000.

For the next week I am expecting the price around $1.20000 and then I will see what will happen.

Market does not look so strong to go beyond $1.20000, but it looks more likely to find resistance and then fall down to $1.19000.

 

[GetKnowTrading]

EURUSD Forecast - Get Know Trading

EURUSD Forecast for the next week on a daily time frame with previous week analysis based on the price action analysis. Check what will happen on EURUSD

www.getknowtrading.com

The week started with a small bullish Pin bar, but the formation of the Pin bar was not at the right place to give significant meaning.

That is why the market continued to fall down on the following days.


Currently because of the bullish Pin bar we could see the price moving higher up to $1.19000 and then going back down to $1.17000.

 

[TheNewbieTrader]

Great thread - learning a lot from this!