Market Overview: EURUSD Forex There was no breakout below the EURUSD August low this week. Bulls see the market forming a two-bar reversal and a large double bottom bull flag (August 1 and March 13). Bears see this week as a pullback and want a retest of the March 13 low, followed by a strong […]

Market Overview: EURUSD Forex The market formed a weekly EURUSD strong bear leg testing the August low. Bears need a strong breakout below the August low with sustained follow-through selling to increase the odds of a successful breakout. If the market breaks below the trading range low, bulls hope the move will be brief and […]

Market Overview: EURUSD Forex The EURUSD is testing the January low and the bull trend line. Bulls want the bull trend line or the November low area to act as support. The next targets for bears are the November and August lows. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD chart Market analysis […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]