(EUR | USD) Forex Trading Analysis Today Forex Forecast | MAR 13, 2023 | EURUSD Analysis

Forex Trading Analysis

Hello, guys, I am going to analyze the Euro-USD currency pair let us start are the top-to-bottom elit wave analysis inside a daily time frame of the trend down in euro dollar currency here daily time frame resistance is present at 1.1138$ price level price action is most likely going to drop to print bearish VC zigzag corrective leg in coming trading days a decisive a bullish breakout above 1.1138$ resistance area is going to end down Trend in daily chart out of Euro versus the United States dollar currency pair

At 4Hour time frame price action is sprinting higher swing highs and higher swing lows to me euro dollar pair Trend looks up in 4H time frame

At 1H time frame the trend is down in 1 hour chart intraday resistance is present at 1.0943$ price level price action is most likely going to move sideways to complete a bullish wave X pullback after that I expect bearish Wave Y double zigzag leg which offers a chance to join the downtrend in Euro doll here a decisive bullish breakout above 1.0943$ resistance level is going to end downtrend in one hour chart of Euro versus United States dollar currency pair

Specifically the red color the highlighted area offers the selling opportunity which is the previous wave B of one lesser degree do not jump into the market with a sell trade and wait for a bearish breakdown First Take note you must always trade with money management rules to control risk