EURUSD cross pair long-term reversal happening in 2023

Are you ready for a major shift in the world of forex trading? Buckle up because the EURUSD cross-pair is gearing up as expected for a long-term reversal that could have huge implications for traders around the globe. According to experts, this upcoming trend change is set to take place in 2023 – but what does it mean for your trading portfolio? In this post, we’ll take a closer look at what’s driving this potential reversal and how you can prepare yourself to capitalize on it. So grab your charts and get ready to dive into one of the most exciting developments in forex trading today!

The EURUSD is one of the most popular currency pairs in the world and is often traded by beginner and experienced Forex traders. The pair is also very liquid, meaning there is always much activity and movement in the market. The EURUSD has been in a long-term uptrend for several weeks after reaching the strong yearly demand level mentioned in a previous EURUSD forecast.. If you are considering trading the EURUSD, then now might be a good time to consider a long-term trade. There could be some big moves ahead for this currency pair.

EURUSD analysis forecast

The long-term reversal in EURUSD that we have been tracking for some time is finally starting to take shape. EURUSD has been slowly but steadily climbing higher, and it looks like it is about to eliminate the tested daily supply level located at 1.09. Now looks poised to make a run at the 1.20 level. So far, the move higher has been driven by strength in the euro, which has benefited from improved economic data and increasing optimism about the Eurozone outlook, but mostly by the strength of the yearly demand imbalance slightly below the parity level. The US dollar, on the other hand, has been weighed down by concerns about trade and the political situation. If this continues to be the case, we could see EURUSD push even higher in the coming weeks.

EURUSD Forex Trading. Supply and demand trading strategy

As supply and demand traders, we do not need to pay attention to the news, fundamentals or 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, the underlying Forex cross-pair drops like a rock, or a negative earnings announcement and the cross-pair rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

Unless you do very short-term trading and scalping, you should not worry about fundamentals or earnings announcements on EURUSD Forex cross-pair.

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 must patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade; in our case, these price levels are made of supply and demand imbalances.