Previous Week Update:

  • Before

EURUSD Update.PNG

  • After

EURUSD Update 1.PNG

Didn’t really follow A but overall followed that path 😊. But overall still respected market structure and created a lower high.


Upcoming EUR+USD News:

  • Wednesday
    • Core Durable Goods Orders m/m
      • Previous: 0.5%
      • Forecast: 0.5%
    • Crude Oil Inventories
      • Previous: -5.7M
    • Thursday
      • EUR – Minimum Bid Rate
        • Previous: 0%
        • Forecast: 0%
      • EUR – ECB Press Conference
      • Unemployment Claims
        • Previous: 222K
        • Forecast: 236K
      • Friday
        • Advance GDP q/q
          • Previous: 3.1%
          • Forecast: 2.7%

Monthly: Monthly rejecting monthly resistance. Let’s see how this monthly closes. As we have broken structure that has not been retested so it’s very possible for us to go to retest it soon.

EURUSD Monthly.PNG

Weekly: Weekly is hovering around the support, not really showing any rejection but accumulation. And looking to break it lower to fill the gap of broken structure I want a nice clean weekly close break.

EURUSD Weekly.PNG

Daily: H&S broken neckline being clearly respected, I see this breaking lower, especially with confluence with USD being bullish now. Let’s see how it goes. But I am very bear on EURUSD. But I still have an open mind, so I will go where it wants to go.

EURUSD Daily.PNG

H4: H&S broken neckline has a double top rejection. We break this trendline I see us dropping to the weekly retest level.

EURUSD H4.PNG


Overall EURUSD Analysis

Still new to the pair but overall looks bearish to me. With confluence with bullish USD, this just seems like its waiting to just drop!


Predicted Movement:

EURUSD Prediction

I see A as most likely path but don’t be biased, we could also bounce, but I highly doubt it market structure is king and King is saying I want to go down.


In Addition:

Follow my Telegram, just search: cyimfx

I have been really busy this past week, but next week I am going to relax on the beach side so I will be working on the PDF 2.0. This will only be available to my students and Forex Family. The first PDF is up for free on my blog.

Advertisements