GetKnowTrading: EURUSD Chart Analysis

Frano Grgić

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May 20, 2020
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EURUSD Forecast – Breakout Confirmed, Target $1.07825



The price managed to continue to move up and eventually broke above $1.06736.

On Friday the price closed the day above $1.06736 resistance line which opened a door for the price for future move to the upside towards $1.07825.

If we take a look at the monthly time frame we can see the price has managed to close above the downtrend channel resistance line.

That means the price is free to move up and reach $1.07825 level.

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GBPUSD Forecast – Bearish Pin Bar Risk, $1.22000 Key Level



The price started the week with a small bullish candle and ended the week with a small bullish candle which makes the week bullish.

Thursday and Friday candles returned the price higher and closed the week as a bullish.

The price is now inside the indecision area which the price needs to break to determine future move.

With these strong resistance levels the price will have a hard time to break above, but if the price manages to close above $1.22000 level the next target is $1.23000 which is the next confluence of resistance levels on a daily and weekly time frame.
 

Frano Grgić

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May 20, 2020
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https://www.getknowtrading.com/
EURUSD Forecast – $1.07825 Confirmed, $1.08846 Breakout Needed



It was mentioned that the price is in between support and resistance level, between $1.07825 and $1.08846, and it needs to move somewhere outside of this range.

The price did not move outside, but bounced between these two levels.

We can expect that the price will have trouble breaking the $1.08846 resistance level because we have a monthly trendline that is making another resistance for the price.

The target after the price break $1.08846 is $1.09100 – $1.09200, which is the first daily resistance before heading to $1.09800.

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GBPUSD Forecast – Price Heading to $1.24600



The Pin bar formed right on the support level, but the support was without confirmation.

The bearish Pin bar was cancelled with Tuesday’s strong bullish engulfing bar that was a confirmation that the price will see higher levels.

The price is heading to $1.24600 which is the next resistance level.

If the price manages to close above $1.24600 the next target will be weekly resistance level at $1.26000.
 

Frano Grgić

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May 20, 2020
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https://www.getknowtrading.com/
EURUSD Analysis Today 28.1.2023 - Week Ahead Forecast




GBPUSD Analysis Today 28.1.2023 - Week Ahead Forecast

 

Frano Grgić

Active Trader
May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 4.2.2023 - EURUSD Week Ahead Forecast


GBPUSD Analysis Today 4.2.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
GBPUSD Analysis Today 11.2.2023 - GBPUSD Week Ahead Forecast

EURUSD Analysis Today 11.2.2023 - EURUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 19.2.2023 - EURUSD Week Ahead Forecast


GBPUSD Analysis Today 25.2.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 4.3.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 4.3.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

Active Trader
May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 11.3.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 11.3.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

Active Trader
May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 18.3.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 18.3.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 1.4.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 1.4.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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https://www.getknowtrading.com/
EURUSD Analysis Today 8.4.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 8.4.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 15.4.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 15.4.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
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https://www.getknowtrading.com/
EURUSD Analysis Today 22.4.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 22.4.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
117
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https://www.getknowtrading.com/
EURUSD Analysis Today 29.4.2023 - EURUSD Week Ahead Forecast

GBPUSD Analysis Today 29.4.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
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https://www.getknowtrading.com/
EURUSD Analysis Today 6.5.2023 - EURUSD Week Ahead Forecast


GBPUSD Analysis Today 6.5.2023 - GBPUSD Week Ahead Forecast
 

Frano Grgić

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May 20, 2020
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https://www.getknowtrading.com/
EURUSD Analysis Today 13.5.2023 - EURUSD Week Ahead Forecast #eurusd


GBPUSD Analysis Today 13.5.2023 - GBPUSD Week Ahead Forecast #gbpusd

XAUUSD Analysis Today 13.5.2023 - XAUUSD Week Ahead Forecast #xauusd
 

Frano Grgić

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May 20, 2020
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EURUSD Analysis Today 20.5.2023 - EURUSD Week Ahead Forecast #eurusd


GBPUSD Analysis Today 20.5.2023 - GBPUSD Week Ahead Forecast #gbpusd

XAUUSD Analysis Today 20.5.2023 - XAUUSD Week Ahead Forecast #xauusd
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 27.5.2023 - EURUSD Week Ahead Forecast #eurusd

GBPUSD Analysis Today 27.5.2023 - GBPUSD Week Ahead Forecast #gbpusd


XAUUSD Analysis Today 27.5.2023 - XAUUSD Week Ahead Forecast #xauusd
 

Frano Grgić

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May 20, 2020
117
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32
https://www.getknowtrading.com/
EURUSD Analysis Today 3.6.2023 - EURUSD Week Ahead Forecast #eurusd

GBPUSD Analysis Today 3.6.2023 - GBPUSD Week Ahead Forecast #gbpusd

XAUUSD Analysis Today 3.6.2023 - XAUUSD Week Ahead Forecast #xauusd
 

Frano Grgić

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May 20, 2020
117
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https://www.getknowtrading.com/
EURUSD Analysis Today 10.6.2023 - EURUSD Week Ahead Forecast #eurusd