EUR USD Daily Forex Analysis Forecast – 2019 12 01

What is the expected trend of EUR USD?

In the EUR USD pair’s weekly chart’s pre-alert confirm support level at 1.088, the price did return to rise up from this level. Weekly arrow signals show a red alert, the market price will rise up for long-term position after market barrier level 1.10282 broken. Buy positions will be win for long-term forex positions. Expected price level for the bullish channel is 1.11031

At the same time, daily chart lasted arrow signals yellow, signals short and sell positions will be win for short-term orders. Also, the daily arrow signal color yellow and it confirmed by the yellow color median indicator.

4 hours time frame chart lasted arrow signal red, median line color yellow and signals conflict. For this reason, we cannot use 4 hours time frame for analyzing forecast.

1-hour chart’s pre-alert is yellow alert, pre-alert give pre-confirmation for sell signals. Also, it shows the upper resistance level at 1.10282.

30 minutes chart’s pre-alert confirm upper resistance level 1.10282 with the red line. The signal shows yellow brackets. 30 minutes last arrow signal is yellow. 30 minutes arrow signals confirmed sell alert by pre-alert signals.

We expect for short term positions that the market price could be rise until 1.10282 and draw-down until 1.09812.

The expected trend for short-term position is bearish.

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Yellow Arrow – Short – Sell
Red Arrow – Long – Buy

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M5 and H1 timeline frame chart via forecast buy/sell signals

Consider up – Lasted Red arrow appears in 5 min and the same in 1hr. This means a strong buy signal!
Consider down – Lasted Yellow arrow appears in 5min and the same in 1hr. This means a strong sell signal!

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