{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-is-set-for-another-impulsive-move\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-is-set-for-another-impulsive-move\/","headline":"EURUSD Is Set for Another Impulsive Move","name":"EURUSD Is Set for Another Impulsive Move","description":"EURUSD Analysis \u2013 Price Is Set for More Impulsive Moves EURUSD is set for another impulsive move towards the downside. The bears currently rule the market. This is seen with higher lows and lower lows. Demand zones are continuously violated with long bearish candles, showing the sellers’ aggression. The RSI (Relative Strength Index) on the […]","datePublished":"2021-12-22","dateModified":"2021-12-22","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/12\/EURUSD-1Day-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/12\/EURUSD-1Day-2.png","height":870,"width":1651},"url":"https:\/\/forexschoolonline.com\/eurusd-is-set-for-another-impulsive-move\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Survey","Trade Idea","Trade Setups"],"wordCount":291,"keywords":["Daily Chart","EURUSD","Market Anticipation","Price Action","Technical Analysis"],"articleBody":"EURUSD Analysis \u2013 Price Is Set for More Impulsive MovesEURUSD is set for another impulsive move towards the downside. The bears currently rule the market. This is seen with higher lows and lower lows. Demand zones are continuously violated with long bearish candles, showing the sellers’ aggression. The RSI (Relative Strength Index) on the daily chart is clearly below 50, showing the overall bearishness on the daily chart. The Moving Average period 21 also corresponds by crossing continuously towards the downside.EURUSD Significant LevelsDemand zone: 1.2000, 1.520, 1.210Supply Zone: 1.2250, 1.9000, 1.1700The demand zone at 1.2100 was violated on the 16th of June. The demand zone at 1.5200 also tried to resist the sellers but was violated with another impulsive move on the 10th of November. The impulsive move continued consecutively for a few days with only two small bullish days. On the 24th of November, the demand zone at 1.2000 was struck. The market has experienced days of consolidation followed by large impulses. The market consolidations seem to gather enough strength for the bears to unleash impulse moves again and again.Market AnticipationOn the 4 hour timeframe, the EURUSD is seen to be in another consolidation. The consolidation started on November the 21st and continues to the current date. The 9 and 21 Moving Averages have been crossing sideways since the beginning of the consolidation. The Relative Strength Index is still prominently below 50, showing that the market is still bearish. If the bulls’ resistance is strong enough, the price might bounce back to 1.1350 again. If the bulls fail to defend the zone, EURUSD is likely to plunge to 1.1150.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}