Forex Daily Forecast, Analysis and Prediction

This pair is moving along big channel, while candles stay within valid channel buying options remain. At the moment bulls are totally controlling the situation and bulls goal was to enter above resistance where they can feel more confident. Buying option is better to take.

EURUSD bulls remain with more activity, however slowly bears are taking further actions in order to push prices under ex-resistance level (1.4952). While candles still stay above resistance – buying possibilities are better to look into. Positive trend is strong enough to enter above 1.5000 price level.

EURUSD according to the current trend, another breakout by resistance level has enough potential which can favor further movement upside.

EURUSD bulls finally did manage to breakout by resistance level where all the eyes now are on bulls side.

EURUSD a new ground is formed between support and resistance levels, this pair stays still strongly bullish. However it looks like bears are slowly trying to breakout by support level.

EURUSD pair still stays positive, buying actions should be done with a care. Bears are trying to decline the price, where lack of confidence for bulls can initiate another movement downside.

EURUSD has successfully extended its current movement to upside. Keeping long positions is good choice.

EURUSD bulls activity was strong enough to make a breakout by resistance level in sharp way, for now buying options are better to look into.

EURUSD resistance level once again is trying to note that this barrier is very strong for bulls. By breaking this level a continuation of prior movement should be extend further to the top side.

EURUSD looks like resistance level is too strong for the bulls, for now this pair remains neutral but with selling possibilities under support level.

despite the recent positive candles, according to the previous moves the EUR/USD pair is jumping with big steps.

The EUR/USD stays in neutral area while candles are locked between support and resistance levels. For now resistance level stays as a significant barrier for bulls, if this barrier can be broken - a possibility of reaching new highs is possible. Potential breach by barriers can favor stronger movements.

Rebound didn't happen by support level and bulls managed to breakout by 1.4650 price level. At the moment this pair is in neutral area, however bulls are looking more positive than before. Another potential breach by resistance level is possible where buying actions remains. According to the previous bulls moves, this barrier is very significant for them.

EURUSD looks like bulls are not giving up, a movement upside above support level can influence bulls to take further actions by reaching resistance level.

EURUSD negative trend was extended, however bulls are not giving up easily. Another attempt to move above support level can influence bears to hide in a forest while bulls can climb up by confirming a break of negative trend.