EUR/USD price outlook: Euro/US Dollar tests 0.786 Arc – Awaiting directional confirmation

Mohamad Gharib

EUR/USD: Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 1h chart, Euro / U.S. Dollar is interacting with the 0.786 Arc within the current Arc Cycle. Price remains centered around this Arc, indicating that directional confirmation has not yet been established.

Market outlook

Price remains centered around the 0.786 Arc, indicating that the market has not yet established a directional bias within the current Arc Cycle. The preferred approach is to await confirmation before anticipating the next significant move.

A sustained 1h close above the Arc would favor continued movement toward the 1 (100%) Target Arc, while a sustained close below the Arc would shift the outlook toward the 0.618 Arc.

Author

Mohamad Gharib

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