EUR/USD bulls look to 1.15 the figure for the week ahead, 50-hour EMA in focus

EUR/USD bulls look to 1.15 the figure for the week ahead, 50-hour EMA in focus

From fxstreet.com

EUR/USD will start the week after a poor end to last following the market's risk-off reaction to key, yet disappointing, US data. EUR/USD ended the day down some 0.35% falling from a high of 1.1482 and breaking the figure to print a low of 1.1398. The pair recovered some ground to end at 1.1415 and remains in technically bullish territory for the week ahead. US Retail Sales fell a steep 1.9% MoM, with control group sales down 3.1% MoM. ''The data suggest that the highest inflation in 40 years is impacting consumer behaviour, and this may well extend into the first quarter when the end of the child tax credits will ... (full story)

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Post #1
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Jan 16, 2022 10:03pm Jan 16, 2022 10:03pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 1,349 Comments

"EUR/USD bulls look to 1.15 the figure for the week ahead...." Yes, maybe they do, but.....are there any?

This chart shows what has been going on for about two months now. The cat is still in the bag and there is never a way to know how the MMs will move price next. But, when activity favors the higher prices while the MMs range price to fill SM orders......well, ask yourself......doesn't SM "Buy low, sell high"?.........HTMRW.

However each day plays out, above all we must be wary of the bias so cleverly caged in "news".....HTMRW.

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Post #2
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Jan 17, 2022 12:13am Jan 17, 2022 12:13am

umbrella man
| Joined Aug 2009 | Status: Member | 334 Comments

Not anytime soon

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Story Stats

Posted: Jan 16, 2022 5:54pm
Submitted by:
Newsstand

Category: Technical Analysis

Comments: 2 / Views: 1,068
Linked event:
USD Retail Sales m/m