EurUsd seems to be fully charged to go to 1,1720 and probably closing the month with a green candle. This situation could be perfect for a big upward movement on the next ECB meeting on 13th september.
Looking at the weekly and monthly timeframe we could see that the market is going to sell US Dollars on the long run. Now Assets like commodities (Gold and Silver) are facing some interesting rebound area, as well the eurusd and the cable are probably going to rebound on monthly lows areas.
There are some other MACRO factors in this analysis and, if you want to...
Probably the EurUsd could go to 1,16-1,1630 area this week and then the first traget area could be 1,1750 and then 1,1800. For the end of the month, if the market will go above 1,1860, there could the confirmation of a Bullish market for the next months. Also this could affect other markets like commodities (BULLISH) and equities (BEARISH)
There is a very strong bullish pattern on EurUsd that could lead the prices on the highs of the last weekes. This pattern is called NR7 and works with the volatility compression in the last 7 weeks. The first target could be 1,2430 and then 1,2470. This volatility pattern could be very important for the next month.
EURUSD is looking for a rebound. The weekly chart seems to be short but the price action has not confirmed it, so I think that could be possible another "trip" to the highs area. For the beginning of the week is possible to see EurUsd to 1,23-1,2320
Price Action extremely Long looking for Buy opportunity in 1,1855 - 1,1895 Area (4 Weeks High and 1 Week High). The Target will be 1,120 and then 1,2030 (Low of Juy 2012). This Analysis is based on a proprietary model.
EURUSD seems to be bullish on the short term, but if we look at the trend on 4H is clear that it is short. BUT, there is an inversion pattern on 4h, so probably we could see a short movement and only tomorrow an acceleration to higher levels on Eur
Last week has been crucial for EurUsd.
Area 1,05 is a very important long-term support on a weekly base, so it is clear that 1,05 is a BULLISH area. No parity in the next future but 1,09 area as a target
It seems to be clear that EURUSD could go to 1,0530 between monday and tuesday of the next week. 1,0530 it is a very important area for a a reverse on the long run, so it could be dangerous to increase short positions if there is no confirmation of the short trend.