Market Overview: EURUSD Forex The market formed a monthly EURUSD ioi pattern. Bulls want an upside breakout; bears want a downside breakout with sustained follow-through. Traders will watch which direction the market breaks out and whether follow-through develops. EURUSD Forex market The Monthly EURUSD Forex chart The Weekly EURUSD chart Market analysis reports archive You […]
EURUSD Two-Legged Sideways Pullback
Market Overview: EURUSD Forex The market formed a EURUSD two-legged sideways pullback on the weekly chart. Bulls want the December 24 high or the 20-week EMA to hold as support, followed by a retest of the January 27 high and a sustained breakout above it. Bears need consecutive strong bear bars closing below the 20-week […]
EURUSD Bulls Want a Breakout
Market Overview: EURUSD Forex The EURUSD bulls want a breakout and a measured move toward the 2021 high, based on the height of the 7-month trading range. Bulls see the February 6 move as a breakout pullback test of the December 24 high. Bears want at least a small second leg sideways to down to […]
Weekly EURUSD Bears Need Follow-through Selling
Market Overview: EURUSD Forex The weekly EURUSD bears need follow-through selling to increase the odds of a 2-legged sideways to down pullback. Bulls see the current move as a breakout pullback test of the December 24 high. They want the pullback to be weak and sideways, with overlapping candlesticks, long tails below bars, and prominent […]
Weekly EURUSD Wedge Top
Market Overview: EURUSD Forex The market formed the third push up this week creating the weekly EURUSD wedge top. Bears want a reversal from a wedge top (July 1, September 17, and January 27) and a trend channel line overshoot (January 27). Bulls need strong follow-through buying well above the September 17 high and the […]
EURUSD Bulls Want a Strong Breakout Above
Market Overview: EURUSD Forex The EURUSD bulls want a strong breakout above with sustained follow-through buying followed by a trend resumption. Bears want the December 24 or September 17 highs to act as resistance. If the market trades higher, they hope follow-through buying will be weak, resulting in a failed breakout above the September 17 […]
EURUSD Bears Need Follow-through Selling
Market Overview: EURUSD Forex The EURUSD bears need follow-through selling below the 20-week EMA and the November 5 low to demonstrate control. Bulls want the 20-week EMA to act as support, followed by at least a small sideways-to-up leg to retest the December 24 high. Bulls want a higher low relative to November 5 or […]
Weekly EURUSD Pullback to the 20-Week EMA
Market Overview: EURUSD Forex The market formed a weekly EURUSD pullback to the 20-week EMA. Bulls want the 20-week EMA to act as support, followed by at least a small sideways-to-up leg to retest the December 24 high. Bears need strong consecutive bear bars breaking well below the 20-week EMA to show control. EURUSD Forex […]
Monthly EURUSD Double Bottom Bull Flag
Market Overview: EURUSD Forex The market formed a monthly EURUSD double bottom bull flag (August 1 and November 5). Bulls need strong follow-through buying breaking above the September 17 high to increase the odds of the bull trend resuming. Bears want a reversal from a wedge top (April 21, July 1, and September 17) and […]
Weekly EURUSD 6-Bar Bull Microchannel
Market Overview: EURUSD Forex The market formed a weekly EURUSD 6-bar bull microchannel indicating persistent buying. There could be buyers below the first pullback. Bulls need a strong retest and breakout above the September 17 high to resume the bull trend. Bears need strong consecutive bear bars breaking well below the 20-week EMA to demonstrate […]
