Thread: EUR/USD analysis

Hello,

Let's share our currency pair forecasts here.

I will start. 4 hours’ chart of EURUSD. I guess, the pcice will touch 1.0989 level, return to 1.0895 and start of growth to 1.1077

Some strong resistance is situated on 1.1021, but ADX is also strong. Therefore, a fight may be followed by a breakthrough above to 1.1186. Area of local purchases is represented by 1.0926
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If the price can settle above 1.0980 resistance level, there will be a upward trend.

There was an up trend at the closure of currency market. That's why I guess, there will be a downward rollback at the openning.

intermediate support is based at 1.1137 (the same line is a day resistance, that is to say, we have a pivot area and equally probable scenarios of growth and decline)

Some potential of decline is not sufficient yet, cause ADX is weak. So we do not exclude a roll of price up.

Forming rather strong support, the EUR/USD changed a trend, and now it's moving up.

As it was expected, the EUR/USD market continued to go down, I'm pretty sure, at the opening will be a down gap.

The current price has been very supportive and it could be a good time to go for a long.

The EUR/USD is at 1.0983 and now the market is closed. I think there will be down movements after the opening, I guess I will open a sell.