Market Overview: EURUSD Forex The market is forming a weekly EURUSD retest of recent high. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want a lower high major trend reversal and a small double top. EURUSD Forex market […]
Weekly EURUSD Minor Pullback
Market Overview: EURUSD Forex The market is forming a weekly EURUSD minor pullback on the weekly chart. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears must create strong bear bars to increase the odds of a deeper pullback. […]
EURUSD Pullback Below the Bull Microchannel
Market Overview: EURUSD Forex The market formed a EURUSD pullback below the bull microchannel this week. The bulls want a retest of the recent leg extreme high (Jul 1) followed by a continuation of the move. The bears must create follow-through selling to increase the odds of a deeper pullback. EURUSD Forex market The Weekly […]
Strong EURUSD Breakout
Market Overview: EURUSD Forex The bulls got a strong EURUSD breakout above the trading range in June. They want a strong breakout and a measured move based on the height of the trading range which will take the market to the 2021 high area. The bears want the bear trend line and the upper third […]
EURUSD 7-Bar Bull Microchannel
Market Overview: EURUSD Forex The market formed a EURUSD 7-bar bull microchannel on the weekly chart which means persistent buying. The bulls must create strong follow-through buying above the April 21 high to increase the odds of a successful breakout.The bears see the current move forming a wedge pattern (Mar 18, Apr 21, and Jun […]
EURUSD Bulls Need a Strong Breakout
Market Overview: EURUSD Forex The EURUSD bulls need a strong breakout with sustained follow-through buying above the April 21 high. The bears want a reversal from a higher high major trend reversal and a wedge pattern (Mar 18, Apr 21, and Jun 12). EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD chart Market […]
EURUSD Bulls Want a Strong Breakout
Market Overview: EURUSD Forex The EURUSD bulls want a strong breakout above the April 21 high. They must create strong follow-through buying over the next few weeks to increase the odds of a measured move up. The bears want a reversal from a higher high major trend reversal and a wedge pattern (Mar 18, Apr […]
EURUSD Lower High Major Trend Reversal
Market Overview: EURUSD Forex The market formed a EURUSD lower high major trend reversal on the weekly chart. The bears must create a strong bear entry bar with sustained follow-through selling to show they are back in control. If the market trades lower, the bulls want it to form a double bottom bull flag with […]
EURUSD Bulls Need More Follow-through Buying
Market Overview: EURUSD Forex The EURUSD bulls need more follow-through buying trading above the April 21 high. The bears want the market to form a lower high or a double top with the April 21 high. EURUSD Forex market The Monthly EURUSD Forex chart The Weekly EURUSD chart Market analysis reports archive You can access […]
EURUSD Retest of the April 21 High
Market Overview: EURUSD Forex The market is forming a EURUSD retest of the April 21 high following the recent pullback. The bulls must create strong follow-through buying over the next few weeks to increase the odds of a successful breakout. The bears see the current move as a retest of the April 21 high and […]
