EURUSD Weekly Volatility Forecast 31/10 - 04/11 2022

EURUSD Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 1.8% , up from expected 1.32% last week.
According to ATR calculation, currently the volatility is located around 85th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 0.966% from the opening point of the weekly candle
BULL : 1.092% from the opening point of the weekly candle

At the same time, currently there is 29.6% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 1.008
BOT: 0.981

Lastly, taking into account the previous weekly high and low there is a :
70% chance that we are going to touch the previous week high
30% chance that we are going to touch the previous week low