Before:

EURUSD Update.PNG

After:

EURUSD Update 1.PNG

EURUSD did not follow any paths this week but simply just ranged and now is creating a possible triple top which could possibly push EURUSD down to the previous broken resistance.


Upcoming USD News:

  • Tuesday
    • Monetary Policy Statement
    • BOJ Outlook Report
    • BOJ Press Conference
  • Wednesday
    • Crude Oil Inventories
      • Previous: -6.9M
  • Friday
    • Advance GDP q/q
      • Previous: 3.2%
      • Forecast: 3.0%
    • Core Durable Goods Orders
      • Previous: -0.1%
      • Forecast: 0.6%
    • BOJ Gov Kuroda Speaks

Monthly: We are extremely bullish on the EURUSD. We are at the resistance I said we would go to and we can possible go higher but looking at lower timeframe I see us going lower to create a higher low and continue up.

EURUSD Monthly.PNG

Weekly: Weekly closed in a way with a bearish pin bar but without a bearish candle after the pin bar it does not confirm a reversal. We are a critical levels and I would not be surprised if we do reverse.

EURUSD Weekly.PNG

Daily: Daily clearly shows that price is ranging and is proven on the H4 timeframe. We will have a breakout, we just have to wait and execute when it does break out.

EURUSD Daily.PNG

H4: We are ranging, look at the top zone and the bottom zone, that is our ranging box area, we breakout that is the way we will be going until the next zone.

EURUSD H4.PNG


Predicted Movement:

EURUSD Prediction

I’ll be waiting for a breakout then take it to the next zone. I feel more comfortable with taking a short because I see empty spaces that I see that should be filled.