Euro dollar monthly

Exchange rate Euro Dollar forecasts 2021-2022

Exchange rate Euro Dollar forecast analysis and trend through the Stock Market cycles of W.D. Gann

Eur Usd weekly forecast 15/30 November

The weekly dynamics of the Euro Dollar market was again negatively confirmed by the last temporal signal which expired on 12 November 2021.

The corrective trend initiated by the previous weekly Set Up of 28 May and 04 June 2021 continued uninterruptedly until the weekly Forex signal at the end of August and the beginning of September, although the various dynamic obstacles have changed its strength several times.

The 1X2 ascending angle radiated by the software with a yellow vector from the weekly low of March 20, 2020 has long formed the basis of the short-term bullish corridor.

In the first weeks of July, the correction in progress managed to break this support, however causing the trend to change from negative to lateral negative.

Once again, the bearish break generated by the weekly Set Up on September 17 strengthened the Dollar prices again: the dynamics underwent a brief lateralization in the angular crossing of the 1X8 angles visible in photos by blue vectors.

Currently the negative trend is hindered by the 1X4 angular support visible in the photo in purple color. Next obstacles at 1.1380-60.

Let’s see in the short video all the insights for effective trading with the various trend reversal points.

Euro trend November/December 2021

In the medium term, the corrective trend generated by last June’s signal is more visible.

Although the 1X2 Zero angles attempted to curb the corrective force, the monthly Set Up last August gave a negative signal to the recovery of the European currency.

The failed bullish break attempt in September caused the European currency to accelerate further downward, which prices has now reached the 1X4 angular support traced in purple.

Further support at 1.13.

Forex Euro Dollar 2021/2022 technical analysis

The long-term trend is also negative with the return of prices below 1.1650.

Additional supports in area 1.13; 1.1180.

The next quarterly Forex cycles coincide with the first and second quarters of 2022.

In this period the Euro market will show a new positive phase as the single currency is generating a consolidation trend.

Euro Dollaro trading

While in past years the Euro Dollar has produced high monthly and quarterly returns, recently this trend has changed, precisely because of the consolidation dynamics that is taking place.

This certainly suggests that in the second half of 2022 there will be a change of pace in the Eur/Usd pair.

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