Free Euro Forecasts at ForexSwingTrading.com

In today's EUR/USD Forecast I am expecting markets to move up or sideways. It appears that the down cycle is complete, but the trend is still down, so I will continue playing the short side of the market. I would like to see the market make a retrace back to the 1.3250 level before I consider taking a trade, and only after I see exhaustion buying volume and the 4 hr. chart becoming overbought.
Unfortunately my time-based indicator is giving me nothing so you'll just need to watch your 4 hr. charts.

In today's EUR/USD forecast I am going to continue looking to the short side for a trade. It looks like the cycle up completed yesterday, but it only retraced to the 1.3214 level, which was no where near my entry of 1.3250. I will look for an entry around the 1.3200 level, but only if my 4 hr. chart is overbought and I have exhaustion bars for the VSA.

This market is pretty choppy right now, a result of the summer blahs, so hopefully the ranges will expand as we enter into September and the end of the vacation period.

In today's EUR/USD forecast I am going to recommend standing aside again. The cycle up completed yesterday and made it to the 1.3220 level. However I missed the drop since my time indicators weren't in agreement, but it otherwise looked like a perfect setup with the 4 hr. chart becoming over bought and VSA giving a climax bar.
We are in the middle of a down cycle, and the trend is still down, so it's possible that we will see more of a drop today. However it is Friday and I don't like holding over the weekends and my time indicator doesn't see anything until 17:00, which is too late to enter a trade for my likes. I did manage to squeeze about 90 pips out of the EU/AUD this week, which I was happy with given how choppy the markets have been as of late. However I am hoping that with the start of September we will see an increase in volatility.

In today's EUR/USD forecast I am looking for it to pullback and then continue to drop. We are in the middle of the down cycle and the trend is still down. Unfortunately the pair isn't cooperating and it decided to start falling on Friday. I would like to see a retrace around the 1.3170 level along with exhaustion bars on the 4 hr. and I would like to see at least the 1 hr. become overbought, but preferably the 4 hr. chart.

In Today's EUR/USD Forecast I will be looking for a pull back to the 1.3150 level and then for the pair to continue to drop. We are in the middle of a down cycle and the trend is still down as well. I'm not getting an indication about the time, but make sure to look for exhaustion buying on the 4 hr. and look for it to be overbought.

For today’s EUR/USD forecast I am going to recommend standing aside. The pair made a substantial drop yesterday and it looks like we are at or nearing the end of the cycle down. This means it will likely move up or go sideways for awhile. So I would kick back and get ready for the weekend.

Trade Review – On Wednesday I said -
“I will be looking for a pullback to the 1.3150 level and then for the pair to continue to drop. We are in the middle of a down cycle and the trend is still down as well.”
As you can see by the chart below I called the top within 9 pips and what followed was a 233 pip drop. I unfortunately got stopped out at +1 Pips because I use a time stop of 4 bars on the 4 hr chart. So while I didn’t make much off this trade I called the direction and level quite accurately and hope that some of you made something from it.

In today's EUR/USD Forecast I am going to recommend looking for the short to set up. Although my time-based indicator says that the pair likely won't start dropping until tomorrow or the next day, so it is unlikely we will get a trade today. I am looking at the 1.3012 area which is the Average Daily Range as the safe area to take the short.

With the beginning of September it looks like the range and volatility has started to pick up.

In today's EUR/USD Forecast I am looking for it to continue its drop. I would like to first see it retrace back to the 1.2960 level however. There are already a couple of climax buying bars on the 4 hr. chart so I would like to see a No Demand bar in order to confirm the top and of course the pair needs to become over bought as well.
I'm going to look for this drop to happen around 19-21:00 (GMT+7). However there's a good chance the pair will just move sideways until tomorrow around 16:00 (GMT+7) as well.

In Today's EUR/USD Forecast I am going to look for the pair to continue dropping. However I would like to first see it retrace to around the 1.3985- 1.3995 level. The weekly cycle up does appear to have completed, but I would like to see the last bit of bank manipulation up that shows me the market is completely exhausted. Also the Monthly Cycle down has completed, which means the market will likely just move in a trading range for awhile before it drops again.

However I believe the range will be large enough to make some decent pips.
I will be looking for the drop to occur someplace around 19:00-21:00 (GMT+7)

In today's EUR/USD forecast I am recommending to stand aside. The ATR on the Daily and 4 hr. charts are both declining which suggests congestion until either one or both of them tick up. Also my time based indicators are saying there likely won't be a drop until tomorrow. I will continue playing the down side until the cycle completes, but won't be looking at any new trades until tomorrow.

If you are holding a position from Monday or Tuesday I would continue holding but would also tighten up my stop loss in case it moves up again.

In today's EUR/USD forecast I am looking for it to continue to drop. However my recommendation is to stand aside if you are risk averse. The main reasons are that my time indicator isn't saying that the pair will drop, VSA isn't set up as there still isn't a No Demand bar on the 4 hr. and it's Friday, which means if you get into a position you will have to close it or hold over the weekend.

Having said that it does look like the Daily Cycle up has completed and there is still room left to the downside. I'm not going to enter, but if I were I would look for an entry between 1.2930 to 1.2940.

In today's EUR/USD forecast I am looking to stand aside. Although I suspect that there may be some more downside since it looks like the Monthly Cycle has been completed I would like to see it first pull back to an overbought position on the daily chart before I consider taking a short. Until then I am going to wait. I suspect that there will be a bit of up and then sideways action before we move down again.

Trade Review- Last Friday I said
"In today's EUR/USD forecast I am looking for it to continue to drop...Having said that it does look like the Daily Cycle up has completed and there is still room left to the downside. I'm not going to enter, but if I were I would look for an entry between 1.2930 to 1.2940."

The pair topped out at 1.2928 and then dropped about 100 Pips. Although I didn't enter the pair, my call was fairly accurate so I hope that some of you got in on the action.

In today's EUR/USD forecast I am recommending to stand aside again. While I do think it has more potential to go to the downside until the pair becomes overbought on the daily chart I think it will have a tendency to move up and sideways.

We are seeing accumulation right now, which tells me that we should see a mark up face shortly. However I don't like the way the counter trend trade is looking so I am going to wait for the cycle and trend to get back into synch with one another.

For today's EUR/USD forecast I am again recommending to stand aside and look for opportunities in other pairs. It does look like there is more down side on the Euro pair, but it is very over sold and long overdue for a bounce up. I am looking for it to become overbought at the very least on the 4 hr. chart, but would definitely prefer the Daily chart.

I won't give any potential reversal points until I see it start moving up as it's too difficult to call until then. The drops over the last week has been on news which is difficult to predict so I don't generally trade it. At the moment the Euro Yen is looking poised for a potential move up, but I would first like to see it pull back into a W formation on the 1 hour charts.

For today's EUR/USD Forecast I am looking for the pair to continue to drop. The price I am looking at for the reversal is 1.2710-1.2720. The cycle up will be complete at this price. The time I'm looking for this reversal to occur is between 13:00-15:00 (GMT+7).

However there are two problems I see with this trade. First it's a Friday and I don't like to hold trades over the weekend. The second thing is that it's Non Farm Pay Roll, so if you do enter this trade I would be very careful about the entry and would consider taking it on reduced risk.

In today's EUR/USD forecast I am recommending to stand aside. We've seen a substantial decline in the pair over a very short period of time due mostly to bad fundamental news. While I do feel it has more potential down side we have already hit the pip estimate for the Monthly Cycle and we're only at the beginning of the second week. It's possible that it just continues to drop without taking a breather, but I think what is more likely to occur is that we start to see a market that temporarily moves up, or just moves sideways for awhile.
Trade Review-
On Friday I did manage to call the direction correctly. However the pair never did retrace to my level of 1.2710 to 1.2720 and I never managed to get an entry.

In today's EUR/USD forecast I am recommending to stand aside again. As I suspected the pair has moved up about 180 pips from Monday after it completed it's monthly cycle down. However the trend is still down. So I will look for the weekly cycle up to complete and for the Daily charts to become Over Bought or my Smart Money Indicator on the Daily Chart start to say that the smart money is selling before I start considering the short.
I hope that this will take place tomorrow or the next day.

In today's EUR/USD Forecast I am once again recommending to stand aside. I know it's frustrating to see the pair moving and doing nothing, but I am only looking for the best high probability opportunities where the Monthly Cycle and the Weekly Cycle are in Synch. This also results in the biggest potential pip moves. With that said both the Monthly and Weekly up cycles do appear to be complete, but the pair hasn't become over bought on the Daily Chart, nor has the Smart Money given an extreme sell signal. Until one of these two things happens I am going to stand aside.

I am looking for the pair to continue to drop, as the weekly chart still has a fair bit of downward momentum on it. I am hoping that we will get the sell signals that I am looking for on Monday or Tuesday of next week.

In today's EUR/USD forecast I am going to recommend continuing to stand aside on this pair and look for opportunities in other pairs. It does like like the Smart Money is starting to accumulate, but whether they will actually reverse the market to the upside and change the trend, or just retrace for a continuation down is still unclear. It is too soon to tell, but I do think that there is a potential for a trend reversal, but for the next week or so I think the pair will probably just bounce up and down in a range.
Once I've identified a clear direction I will let you know, until then look for other pairs to trade. For example the GBP/USD has a clear reversal signal to the upside, but I would like to see a substantial pull back to the 1.6010 level before I think about taking a trade.

In today's EUR/USD forecast I am going to look for it the pair to drop further. Although we did get a rise on Monday and Tuesday it failed to continue to break to the upside and the trend is still down. However Draghi speaks today, which in itself would probably not be an issue, but we also have several key economic indicators coming in from the US. With that said I would probably be looking to enter the pair short on a substantial retrace, somewhere around the 1.2740 level only if you are getting an overbought signal on your technical indicators.

I would look for the drop to occur sometime on Thursday between 7:00-9:00 am or between 13:00-17:00 (GMT+7)

On Monday I mentioned that I was looking for a reversal to the upside on the GBP/USD, however after the CPI report came out on Tuesday the pair took a big drop, and none of my technical indies lined up so I passed on it.