Market Overview: EURUSD Forex The market is forming a EURUSD major lower high on the monthly chart relative to the January 2021 high. The bears want a reversal from a wedge top (April 21, July 1, and September 17). The bulls see the current move as a pullback in a developing bull trend and want […]

Market Overview: EURUSD Forex The EURUSD pullback is stalling above the 20-week EMA currently. The bears need consecutive bear bars closing near their lows, breaking decisively below the 20-week EMA and the August 1 low, to increase the odds of a reversal. The bulls want the 20-week EMA to act as support, which it has […]

Market Overview: EURUSD Forex The marker formed a weekly EURUSD double bottom bull flag around the 20-week EMA. The bulls see the current move as a pullback and want it to be weak and sideways. They want the 20-week EMA or the August 1 low to act as support. The bears must create consecutive bear […]

Market Overview: EURUSD Forex The market is forming a large weekly EURUSD double bottom bull flag (Aug 1 and Oct 9). The bulls want the 20-week EMA or the August 1 low to act as support. The bears must create consecutive bear bars closing near their lows, breaking far below the 20-week EMA and the […]

Market Overview: EURUSD Forex The market is forming a minor EURUSD pullback on the weekly chart. The bears must create consecutive bear bars closing near their lows, breaking far below the 20-week EMA, to increase the odds of a reversal. The bulls want the 20-week EMA or the August 1 low to act as support, […]

Market Overview: EURUSD Forex The market formed a weak weekly EURUSD breakout above the July 1 high. The bulls need to create strong follow-through buying trading above the July 1 high to increase the odds of a resumption of the trend. The bears want a reversal from a higher high major trend reversal and a […]

Market Overview: EURUSD Forex The EURUSD bulls need strong follow-through buying trading above the July 24 and July 1 highs to increase the odds of a resumption of the trend. The bears want a reversal from a lower high major trend reversal or a double top bear flag (Jul 24 and Sept 9). EURUSD Forex […]

Market Overview: EURUSD Forex The weekly EURUSD bulls need strong follow-through buying breaking above the recent tight trading range to increase the odds of another leg up. The bears want a reversal from a lower high major trend reversal or a double top bear flag (Jul 24 and Sept 5). EURUSD Forex market The Weekly […]

Market Overview: EURUSD Forex There was no EURUSD follow-through selling on the monthly chart in August. The bears want the bear trend line and the upper third of the multi-year trading range to be areas of resistance. The bulls view the move in July as a pullback and want a retest of the recent leg […]

Market Overview: EURUSD Forex The EURUSD bulls want a trend resumption to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. If the market trades higher, the bears want it to form a double top with the July 1 high. EURUSD Forex market The Weekly EURUSD chart […]