Previous Week Update:

  • Before

EURUSD Update.PNG

  • After

EURUSD Update.PNG

Followed path A nicely in terms of overall movement. We broke resistance and now I am looking for a possible retest before continuing to 1.2000 as my final destination.


Upcoming USD News:

  • Tuesday
    • CB Consumer Confidence
      • Previous: 125.9
      • Forecast: 123.9
  • Wednesday
    • OPEC Meetings
    • Prelim GDP q/q
      • Previous: 3.0%
      • Forecast: 3.3%
    • Fed Chair Yellen Testifies
    • Crude Oil Inventories
      • Previous: -1.9M
  • Thursday
    • Unemployment Claims
      • Previous: 239K
      • Forecast: 241K
  • Friday
    • ISM Manufacturing PMI
      • Previous: 58.7
      • Forecast: 58.4

Monthly: We are extremely bullish on the EURUSD. We are clearly going to close bullish this month and looking to fill the wicks, where then I see the next green line above as the next HH target before coming down to create a higher low.

EURUSD Monthly.PNG

Weekly: Weekly closed with a strong bullish candle, with the momentum we have I see us hitting the highs 100% but I do see us creating a liquidity wick before going any higher.

EURUSD Weekly.PNG

Daily: Clear strong bullish candle. Seeing a liquidity wick then continuing higher to test 1.20000 and a retest of the red broken resistance.

EURUSD Daily.PNG

H4: Highlighted the zone for the area I am going to look for exhaustion to confirm a retest before continuing higher.

EURUSD H4.PNG


Predicted Movement:

EURUSD Prediction

I see both path A + B happening, C is very unlikely with the bullish momentum we have but with the forex markets anything is possible, so keep your mind opened and don’t be biased!

IN Addition!

I am looking to have a new intake of students after New Years, so to all who are interested, please look at the mentorship page and start sending your applications and I will review and confirm with you after January 18th.