Eur Usd forecast Forex today technical analysis Euro Dollar

eur usd forecast today
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Eur Usd forecast Forex today technical analysis Euro Dollar

Eur Usd forecast Forex today technical analysis Euro Dollar through the time cycles of the economist W.D. Gann.

Eur Usd forecast
euro dollaro june 2019

Forex Forecasts Euro Dollar Today: Medium Term

During February-March 2018, Euro Dollar market is blocked by downward angular resistance and it is gone in distribution.

Short-term attempts to break this resistance were vain and, during the time cycle expired in April 2018, the European currency reversed the negative trend, returning in May on the 1 x 1 natural growth corner.

On that occasion the single currency has begun to lateralize, for all the months of June and July 2018.

However the apparent accumulation was denied with the subsequent infringement of July low, occurred in the following month of August. Although in September there was a bullish break attempt, the major trend reported prices to test the 1 X 2 angular supports (yellow colored in slide).

The support corner has tried several times to re-establish a positivity, so much that the currency has returned at 1.1570 in January 2019.

For the second time the Major trend has pushed further the dynamics to new lows at 1.1110 last April, forcing prices to alternate on a very narrow downward corridor.

May 2019 coincides with a double monthly Set Up.

Only if prices reach 1.1360 then the Euro will indicate a new attempt to reposition itself positively in the medium term: the first obstacles stand at 1.14-1.1450.

The negative side trend has reached the support octave at 1.1180. Additional angular supports at 1.10.

Forex Forecasts Euro Dollar Today: quarterly

eur usd analysis
eur dollar quarterly may 2019

Euro Dollar long-term trend remains negative, despite the support of the Zero and 1 X 1 angles holding back the descent, which has now reached the next support area at 1.11-1.1070.

Euro Dollar long-term trend remains negative, despite the support of the Zero and 1 X 1 corners holding back the descent, which has now reached the next support area at 1.11-1.1070.

In the quarters of June and September important time cycles expire which will determine an important change of trend. Prices above 1.1620 will indicate the return to a new upward phase of the Euro.

This analysis was carried out using Top Trader© free software.

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