Surely straight to 1.061 from here, maybe with a brief pause at 1.058.

There's some rumours of successful negotiations, prisoner swap and potentially no invasion in Gaza, I think it's caused a big risk-on move. Best wishes to all in the region. I am pretty happy eu is finally on the up.

I think more likely than not we will go up above 1.06 tonight, the reasoning being positive 4h and even 1d activity, strong support in spite of positive USD data, and general weakening of bear activity. I do think sell-side seems to be becoming ...

200ma on the 4h, could result in a bit of a drop

Curious about the bearish sentiment? I do think there are geopolitical risks, which I don't want to delve into, but focusing purely on the technicals, it looks like we could have a turn-around, perhaps at least enough for a decent bounce - no? You ...

My plan for the week was to trade up, but with the war and tension in the middle east, I suspect USD will against dominate the start of the week, though it could produce a good buy opportunity. My worry is that the situation will escalate however, ...

Thanks I bet all my money on this, shall I send you the bill if it fails? Kidding of course but it's a very interesting situation, you'd think the world was ending looking at e/u weekly.

Despite more negative EU and positive US data, e/u barely moved down more. I think sell-side is exhausted, and combined with typical Friday profit taking, my money is going to be on some bullish rallying today. However, that doesn't necessarily mean ...

Kind of underwhelming follow-through, looks like the whole move was retraced.

I really hope mtako kept his longs!

The biggest news overnight was FOMC minutes, where everyone agreed further rate increases will be necessary. I agree, bearish on 4h, 1d

It is in the US, not EU - so London & Frankfurt trading still on.

Is it time for 1.07 yet? Come on!

Nice, does anyone else have a gap at 1.092?

Surely

After this mini bank crisis, and the terrible US data for PPI and retail sales just released, I wouldn't be surprised if this is the final nail in the coffin for Fed rate hikes. Unclear why euro decided to continue going down, other than perhaps ...