The price movement EURUSD still nit differ much, the price still moves on the daily range and now the price consolidation on resistance zone, it possible if break high occurs hence will become a bullish trend as reversal pattern get valid.
Now on H1 price on upper band line, its resistance now and possibly the price down again with expectation move to lower band.
Eventually the price success in a breakout on resistance, but before the price was able to break out, the price down as retracement, and eventually the price rose with strong movement and crossed the resistance line.
Now the price on H1 candlestick formed bullish pattern, and RSI value 66 indicates bullish on the way, where not yet enter the overbought zone, its possible the price continue to rising.
Although the price success to break high, it's not a valid breakout, the price eventually back to the previous range on the daily timeframe, now the price is at 1.13224 where RSI value 47 indicates a downtrend market-based RSI, meanwhile based on Bollinger band the volatility is low, its signal by line BB squeeze, maybe a new year later will increasing volatility
Meanwhile, based on the H1 timeframe, the movement of price EURUSD is random, there is no good pattern occurs, RSI level 50 indicates sideways, BB indicator not figure out as support resistance,
Good morning all, happy new year, now in 2022 expected the price will rise for the long term,
The price already breaks high and formed a new pattern, if the signal will valid hence the trend will be bullish, besides technical analysis already supporting, and fundamental also possible the US will control their inflation well for USD.
What happened on the price EURUSD is different from expectation, yesterday the bullish pattern had begun to form a new trend, but suddenly the price eventually drops and now landing on support zone, based on the Bollinger band in the daily timeframe, the price move on the squeeze BB line, meanwhile RSI indicator show level 45 as downtrend on the time hand.
Go to the H4 timeframe, the price concentrate on lower band, maybe this is become good support now, based history the price if still move on the range, possible the price back to reversal bullish, but if break low, maybe will continue to decline.
What happen to EURUSD, when the pair EURJPY has risen but the EURUSD was in a flat condition, the price so hard to rise and so weak to down, now the price still consolidation on support zone, not yet able to break low and not yet to rise.
The now price EURUSD at 1,12840, using H1 timeframe the candle formation in a small range market, meanwhile based on BB line nowt the pice at the lower band, and RSI level 43 tend to a downtrend in hand
The price is still very dynamic on EURUSD, the previous candle seems the pattern will downtrend, but suddenly there is change pattern to bullish, yesterday market price move to 1.13455, but eventually drops again to 1.13210, in daily timeframe based indicator BB still move on low volatility, formed Bollinger band squeeze, the pattern still on flat condition. RSI level 47 indicates down on higher portion
Meanwhile on h1 price in correction phase after drops yesterday.,price concentrate on the middle band now and RSI value level 51 indicates bulls on the higher portion on the timeframe.
The price still move on range daily market, on long term this is in a sideways market., now the price on support zone, but not yet hit the lowest, RSI level at 46 indicates downtrend because below level 50, BB still formed squeeze, not yet breakout
Go to H1 timeframe the candle pattern on the range small upper band and lower band, now the price on lower band, there are possibility the price reversal to bullish again, but if the price success to break the low, expected the downtrend will giving clear direction
The price now 1.13577 at FXOpen trading platform, there are a small gap occurred on EURUSD, where the open price is below the close price with a distance of about 50 pips, but now the price has already moved to recover the gap, and already on resistance zone based ranging market.
Trading scenario when the price able to break high and swing high, there are possible to become reversal pattern, but when the price always get rejection on these zone, possible the price still move on daily range market and use swing high and sell signal and keep stop loss
The price still move on the range market, this condition already move on a month, where the price move on swing high to swing low and not yet breakout and formed new trend, now the price on middle range and possible to rise and reach swing high again,
