Euro Dollar forecast for next week september 19

What is EURUSD Forex cross-pair forecast-based supply and demand technical analysis? Well, as discussed in the previous video technical analysis, we have a clear long-term short bias on EURUSD Forex cross pair creating and respecting bigger timeframe supply levels and imbalances and eliminating obstacles in the form of demand imbalances.

EURUSD Forex Cross Pair Forecast

In a clear downtrend, we should only be interested in selling EURUSD Forex cross-pair. Suppose you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators. To plan your shorts, you can use this supply and demand technical analysis on EURUSD Forex cross-pair. You might use CCI, RSI oscillators, or even moving average crosses and Bollinger Bands. We don’t need any of those to make a trading decision when trading supply and demand imbalances.

All we need to know is that we have created a trend and direction and new supply levels. The technical video analysis you can watch below shows a longer-term EURUSD Forex cross-pair analysis using the weekly timeframe as the main timeframe. A new supply level has been created around 1.1225, gained control, and the price is dropping strongly with a lot of room on the way down to a strong monthly demand level located near the EURUSD parity level where longs will be possible again.

EURUSD is approaching and getting closer to a very big time frame demand level. We could see a reversal before the end of 2019 if we start seeing new weekly demand levels.

Watch EURUSD Forex Cross Pair video analysis and forecast

EURUSD forex price action analysis using supply and demand technical analysis

This is the kind of price action technical analysis you will learn in our online trading academy. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances is ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pullback or dip into the price levels we want to trade, in our case, these price levels are made of supply and demand imbalances.