{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-shows-signs-of-the-trend-change-to-the-upside\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-shows-signs-of-the-trend-change-to-the-upside\/","headline":"EURUSD Shows Signs of the Trend Change to the Upside","name":"EURUSD Shows Signs of the Trend Change to the Upside","description":"EURUSD Analysis – Market Shows Signs of the Trend Change to the Upside EURUSD shows signs of the trend change to the upside. Since late last month, both bears and bulls are currently experiencing a tug of war as the market’s overview becomes bi-directional. Before this tohu-bohu in the market, EURUSD had been declining in […]","datePublished":"2022-10-25","dateModified":"2022-10-25","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\/2022\/10\/E111-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/10\/E111-1.png","height":565,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurusd-shows-signs-of-the-trend-change-to-the-upside\/","about":["EUR\/USD","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals"],"wordCount":314,"keywords":["EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Technical Analysis"],"articleBody":"EURUSD Analysis – Market Shows Signs of the Trend Change to the UpsideEURUSD shows signs of the trend change to the upside. Since late last month, both bears and bulls are currently experiencing a tug of war as the market’s overview becomes bi-directional. Before this tohu-bohu in the market, EURUSD had been declining in price while respecting diagonal support.EURUSD Significant ZonesDemand Zones: 0.9220, 0.9600Supply Zones: 1.0000, 1.0350The emergence of the descending trendline on the 7th of May, 2022, brought about the execution of more sell orders into the market. This was due to the determination of the bears to ride the trend downward. The market was making downward expansions at specific premium arrays when prices kept breaking old lows. On the 13th of May, 2022, EURUSD bounced off the descending trendline and broke the market structure upward. But the intention of the bulls to drive the market higher proved abortive as prices reached a premium zone.EURUSD appears to have only made significant retracements at oversold levels. Since March 2022, the oversold indications by the Relative Strength Index (RSI) have been quite important to market participants as price retraced into premium to give the bulls long-entry. The highs formed on August 11 and September 12 are currently the last two swing highs in the market. As the price approaches the premium zone of the current trading range, the market has just reacted to a daily bearish order block.Market ExpectationEver since the market structure shifted on the 28th of September 2022, prices have remained in an upward trend. Should the psychological level at 1.0000 get broken, EURUSD might keep rallying upward into the daily bearish order block, after which a retracement or reversal will most likely occur.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."}