EURUSD weekly technical forecast

[preferforex]

The market has been experiencing a notable bearish trend following the previous supply zone. However, a recent development suggests a potential corrective move to the upside.
During this corrective phase, we are witnessing a temporary respite from the dominant bearish pressure. It's important to approach such market conditions with caution and closely monitor price action for further confirmation.

This youtube video describes the market scenario and trading plan very well hope it helps

Thanks traders

 

[expiated]

The above video was too blurry on my screen (in my browser window) for me to see what the heck was going on (time frames, etc.), and I'm not sure what kind of time period you're talking about when you say "recent" or "temporary." But, from my perspective, I definitely don't see "dominant bearish pressure" with respect to this pair...

Though I wouldn't be surprised to see the rate drop down to somewhere between the 1.0727 up to 1.0853 range over the next two or three weeks (given that upward momentum fizzled out over the previous three weeks) I ultimately expect to see the pair push higher following the formation of a new bullish leg north (IF it opts not to follow through on the one already established).

 

[preferforex]

We show here 1 & 2-hour chart overview. in a lower time frame, it is on the bearish bias. It is moving down to find a strong Demand Zone from where it can resume a bullish trend. It is HD video I hope if you can choose HD from the youtube setting box then it will show clearly. Thanks for your opinion.

 

[maxinger]

The market has been experiencing a notable bearish trend following the previous supply zone. However, a recent development suggests a potential corrective move to the upside.
During this corrective phase, we are witnessing a temporary respite from the dominant bearish pressure. It's important to approach such market conditions with caution and closely monitor price action for further confirmation.

This youtube video describes the market scenario and trading plan very well hope it helps

Thanks traders

Have you reached financial freedom trading forex

 

[expiated]

It is HD video I hope if you can choose HD from the youtube setting box then it will show clearly.

Thanks for the information. That clears everything up quite a bit. Good luck on hitting your target. (I'm not inclined to trade EURUSD at this time because I don't like the way it's been more-or-less stuck between 1.0835 and 1.0981 for about 12 days now. I'd only feel comfortable selling it in the 1.0936 to 1.0981 neighborhood. Otherwise, I'd be waiting to buy the pair, possibly between 1.0863 down to 1.0791, but especially between 1.0835 down to 1.0791.)

 

[Sekiyo]