GKT - EURUSD Daily Chart Analysis

https://www.getknowtrading.com/eurusd-forecast-1-02975-daily-weekly-and-monthly-target/

On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside the range area.

On the last two days the price reached the previous two weeks target $1.03920 and bounced from the support.

If the price manages to close the day below $1.03920 then we would have price moving to long term target $1.02975.

If we take these three time frames into calculation the EURUSD price will move down around 200 pips from the current price.
EURUSD Daily Forecast 2_7_2022

https://www.getknowtrading.com/eurusd-forecast-0-99134-as-eur-usd-parity-target/

On Monday we had an indecision candle where the bulls tried to push the price up, but the price closed the day close to the open price.

We can see the price has entered into the downtrend channel and reached the demand zone and bounced back to test the downtrend channel resistance line.

The pin bar has formed right on the support level which is weekly and monthly support that had retraced in the past.

We can use this price action signal on the support level and look for the exit on the first resistance at $1.02975.
EURUSD Daily Forecast 9_7_2022

https://www.getknowtrading.com/eurusd-forecast-0-99134-still-as-a-target/

The price has moved strongly down on Monday and on Tuesday the price reached parity.

The Friday closed above previous days bodies close so it is a small indication price could move upwards.

The price is now in the downtrend channel and supply zone above could push the price down.

A small retrace to the first resistance could be all that we could see from bulls.
EURUSD Daily Forecast 16_7_2022

https://www.getknowtrading.com/eurusd-forecast-bullish-breakout-confirmed-targeting-1-02975/

The price on Monday has made a first step to make a breakout reaching first resistance level $1.01368 and breaking above with a wick

This was a small signal the price will reach a higher level because the small breakout from the previous week’s small range.

The next week’s target is to break above $1.02975 resistance level.

Because the price is right in the middle between support and resistance levels it is good to wait until the price reaches a lower level close to $1.01368
EURUSD Daily Forecast 23_7_2022

https://www.getknowtrading.com/eurusd-forecast-indecision-range/

The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels.

On Tuesday the price strongly moved down making a breakout from the small range that has formed in the previous week.

On the upside we have $1.03600 as a bulls target where the price needs to break above $1.02660 to reach higher levels.

We have now a downtrend resistance line that is on the $1.02975 which will make small pressure on the price and prevent reaching higher levels.
EURUSD Daily Forecast 30_7_2022

https://www.getknowtrading.com/eurusd-forecast-pullback-with-1-03920-target/

We had a false breakout to the upside where the second candle had returned the price back inside the price range.

When the price reached the resistance line the price broke to the upside and closed the day above price range.

The price could reach $1.02000 level to find better support for future move up.

We now have a price between upper level of a price range and resistance level at $1.02975 which needs to define where the price will move.
EURUSD Daily Forecast 14_8_2022

https://www.getknowtrading.com/eurusd-forecast-price-heading-towards-0-99134/

At the end of the week strong selling pressure took the price below $1.01368 support and reached almost parity.

Small bounce back to $1.00700 is likely because this level is a small resistance level where price reacted when moving down.

Long term target is $0.99134 as a strong demand zone where the price will stop moving down.

For now we can expect $1.0000 as a first support and then $1.0070 as a first resistance level.
EURUSD Daily Forecast 20_8_2022

https://www.getknowtrading.com/eurusd-forecast-indecision-breakout-needed/

The first day of the trading week the price reached parity and on Tuesday it reached $0.99000

Both, bulls and bears, are pushing in the thier direction, but the last two days shows bulls trying to move the price higher.

In the next week I am expecting the price to make a breakout to the upside reaching $1.00400 which is above previous candle wicks.

From there we need to see will the price return down because of selling pressure or it will stall and try to break to higher levels.
EURUSD Daily Forecast 27_8_2022

https://www.getknowtrading.com/eurusd-forecast-indecision-downside-breakout/

The price broke out on Monday with a small bullish candle which continued for the next two days.

The price managed to reach the first small supply zone around $1.00570 and then stopped.

For the next week we need to wait for the price to make its way outside of the indecision area like this week.

If the price breaks out to the downside and the second candle closes below the first candle it will be indication of bearish pressure and price will mode to $0.96716 support level.
EURUSD Daily Forecast 3_9_2022

https://www.getknowtrading.com/eurusd-forecast-1-01368-expected/

The breakout was a false one on Tuesday and what usually happens after a false breakout the price moved in the opposite direction.

Friday shows price decline after traders taking profits around $1.01368 who bought the price at the $0.99314 which activated a sell off returning the price down.

Next week we need to see the price above the small downtrend channel resistance line with daily close above which will allow price reaching $1.01368 level.

We can expect bearish candle at the confluence area of resistance with price targeting to reach the upper side of the current indecision area which is around $1.0000.
EURUSD Daily Forecast 11_9_2022

https://www.getknowtrading.com/eurusd-forecast-1-01368-expected-despite-false-breakout/

The price opened a week with a gap to the upside and reached the weekly target mentioned last week.

The strong bullish trigger to the upside pushed the price higher and the price reached $1.01960.

The price still needs to break above the small downtrend channel resistance line and small supply zone slightly above that resistance line.

And then the strong supply zone around $1.01368.
EURUSD Daily Forecast 17_9_2022

https://www.getknowtrading.com/eurusd-forecast-0-94861-sellers-targeting/

On Monday the price formed a bullish candle with daily close above previous day candle close.

This was indication the price is continuing moving in the same direction as the previous week has ended.

The first small support and demand zone that will hold the price is $0.96000 price that acted as a support in the previous bearish attempt to reach lower levels.

From there we can expect the price to return back up and if the bulls are strong enough the price could reach the first supply zone at $0.98300.

EURUSD Daily Forecast 24_9_2022

Eur usd is falling badly

EUR jpy is falling too

Yes, it was falling down. But, now it is time to return a little bit up.

https://www.getknowtrading.com/eurusd-forecast-0-99134-decision-level-for-the-bulls/

The price reversed from that demand zone and formed a strong bullish engulfing candle that took the price back to downtrend channel resistance line which is a small confluence of resistance with supply zone at $0.98300.

Higher price level where we can expect the price is around $0.99134 which is the first strong resistance for the price.

On a weekly time frame and monthly time frame we have a price in between support and resistance level where a bullish scenario is likely on a short term.
EURUSD Daily Forecast 1_10_2022

Well everything is crashing I’m a day trader so was in and out selling bitcoin today. You see Gbp usd should of shot up Monday but it didn’t Eur cad shot up like it should of but dipped a little first
All in all the market is bringing Eur usd down you’d prob make 5000 pips if you just sold Eur usd now and wait 2 years things are pretty bad recession

Well Gbp usd shpt up early but didn’t hold it’s all down hill

on the long term you can make 5000 pips, but here are trading daily charts.

And crashing will stop eventually. In the long term everything can happen, but lets go week one by one :slight_smile:

https://www.getknowtrading.com/eurusd-forecast-0-96716-first-obstacle-for-sellers/

Previous EURUSD forecast mentioned the price could reach $0.99134 and the price succeeded in the first two days.

With closing below support level and on Thursday testing $0,99134 as a resistance level it was a confirmation the price will move down.

The price is falling down and the next support is at $0.96716 where we have a demand zone where the sellers will get out.

The bounce from $0.96716 is likely to reach $0.97000 and then $0.98000 which are smaller resistance levels.
EURUSD Daily Forecast 8_10_2022.