Market Overview: EURUSD Forex The weekly chart formed a EURUSD weak High 2 setup because it is following a tight bear channel. The bulls want a reversal from a double bottom bull flag (Dec 8 and Feb 6). The bears want a retest of the Feb 6 low followed by a breakout below. EURUSD Forex […]
EURUSD Trading Range
Market Overview: EURUSD Forex The monthly chart formed a EURUSD trading range closing as an inside bear bar. The bears need to create a follow-through bear bar closing below the 20-month EMA to increase the odds of reaching the October low. The bulls want the 20-month EMA to act as support. EURUSD Forex market The […]
EURUSD High 2 Buy Setup, Bulls Need Strong Entry
Market Overview: EURUSD Forex The weekly chart formed a EURUSD high 2 buy setup trading slightly above the 20-week EMA. The bulls need a strong bull entry bar with follow-through buying to increase the odds of the bull leg resuming. The bears need to create a few strong consecutive bear bars closing below the 20-week […]
EURUSD Tested the 20-Week EMA
Market Overview: EURUSD Forex The weekly chart: the EURUSD tested the 20-week EMA in a two-legged pullback. The bears need to create a few strong consecutive bear bars closing below the 20-week EMA to increase the odds of retesting the trading range low. The bulls want the 20-week EMA to act as support, followed by a […]
EURUSD Stall at the 20-Day EMA
Market Overview: EURUSD Forex The pullback in the EURUSD stall at the 20-day EMA on the daily chart. The bears want a reversal from a small double top bear flag. The bulls want the 20-day EMA and the bull trend line to act as support and resume the bull leg higher. EURUSD Forex market The […]
EURUSD Minor Pullback
Market Overview: EURUSD Forex The weekly chart formed an EURUSD minor PB (pullback) to the 20-week EMA. The bulls want the 20-week EMA to act as support, followed by a reversal from a double bottom bull flag with the first leg being the December 8 low. The bears need to create a few strong consecutive […]
EURUSD Bad Follow-through
Market Overview: EURUSD Forex The weekly chart formed a bear doji closing near its low therefore was an EURUSD bad follow-through candlestick. If a pullback begins, the bulls want the 20-week EMA to act as support, followed by a reversal from a double bottom bull flag. The bears want a reversal from a wedge bear […]
EURUSD Consecutive Bull Bar
Market Overview: EURUSD Forex The weekly chart was a EURUSD consecutive bull bar, testing the trading range high. The bulls need to create follow-through buying above the November 29 high to increase the odds of retesting the July high. The bears want a reversal from a small double top (Nov 29 and Dec 22) and […]
EURUSD Second Leg Up?
Market Overview: EURUSD Forex The bulls hope that the market is forming a EURUSD second leg up from a higher low major trend reversal. They want a retest and breakout above the trading range high. The bears want at least a small second leg sideways to down to retest the December 8 low. EURUSD Forex […]
EURUSD Pullback from Wedge
Market Overview: EURUSD Forex The weekly chart formed a EURUSD pullback from wedge testing the 20-week EMA. The bears want a reversal from a wedge bear flag (Oct 12, Nov 3, and Nov 29) and a lower high major trend reversal. The bulls want a reversal from a higher low major trend reversal and the […]