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EURUSD

The USD index languishing below the 93.50 level amid concerns Trump policies may isolate the US. This was not helped by Trump’s tweet-tirade against EU and Canada ahead of the G7, in which Trump accused EU & Canada of using massive trade tariffs and trade barriers against US, and warned both nations to remove them or they will be matched. The EUR/USD stuck around 1.1800.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1750 (0.307 BLN) and 1.1795-1.1800 (0.805 BLN).

Moved stop loss to breakeven and waiting for my 2nd target @ 1.2000.
Quoting JustAndy
{quote} Gracias Senor
Well hamster I closed out the long yesterday and ended up taking a short position which is still open
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Quoting MaxDoom
{quote} Well hamster I closed out the long yesterday and ended up taking a short position which is still open {image}

Wise Goat...
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Why sell the bottoms when you can buy the tops...
Quoting JustAndy
{quote} Wise Goat... {image}
finally cleared the D-S1 and M-PP zone
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Quoting MaxDoom
{quote} Well hamster I closed out the long yesterday and ended up taking a short position which is still open {image}
nice one
Quoting mrhb30jr
now she is going up after find the support, long from demand area continue going up....EU H1 .. TP 1.1822 {image}
Now she is going down .... EU H1

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NY will pump this up, probably above 1.1837+
Here:
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Risk 30 for 80+
Quoting fontu
doing well , after 1.1749 , the real target goes 1.1829, price still to test it & break . go on . limit goes to 1.1731 for retest 1.1795 ,ok even limit breaks down 1.1706 may hold to get the target . nothing changes to update though . just a scalping mode analysis !! take care , fontu {image}
the limit broken but still 1.1706/0 may hold to continue correction as spike for next target & continue so far . if breaks 1.1700 & hold for considerable time price may fall to 1. 1616/00 while breaks up 1.1771 & 84 should lead to near top 1.1829 again as signals to resume the spike ,. lets see . anyway we are dealing with a possible spike up to year long correction down again before the great Bull comes up !! take care , fontu
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EUR/USD gave away some of its gains today, still on pace though. I'm expecting more upside next week ,probably above 1.1850.
EUR - the extinguishing flame = if Mr. T-RU-MP stop blowing the USD candle
If you are tracking the EURUSD this week, consider this top-down technical perspective.

On the daily time frame, the order flow is under the control of buyers. The recent candlesticks have been predominantly bullish and relatively big. Even the pinbar-like candlestick formed last week Friday is in favour of bulls. Bulls are likely to first go for the high of the candlestick formed last week Friday, around the 1.18430 area, in the early part of this week before they proceed further to an ambitious target of the immediate horizontal resistance around the 1.19100 area. This area is in confluence with the 50 Fib retracement of the downward swing from the high of April 17, 2018 to the low of May 29, 2018. Thereafter, we may see price action struggle or consolidate for a while, and this may result in a southward turnaround.

On the H4 time frame, price action has breached a descending trendline (red) from the high of April 19, 2018. It is now respecting an ascending trendline (skyblue) from recent lows. We may expect bulls to take price action further northward in consonance with the bigger picture seen on the daily and weekly time frames but such a move is likely to be on a short-term basis. A likely area we may see a southward turnaround of price action is the 50/61.8 Fib retracement of the most recent downward swing on the daily time frame. This area, the 1.19570/1.20700 zone, is bound by magenta horizontal lines in the attached H4 chart. This does not mean that market cannot do otherwise or even turn southward before that area. So we have to track the price action and wait for the right setup. In fact, a break of price action below the ascending trendline (skyblue) on the H4 time frame with a retest on a four-hourly closing basis may kick off a good sell trading opportunity; a bouncing off of price action at the trendline is likely to offer a buy trading opportunity (albeit on a short term basis in my opinion).


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Eur/Usd correction movement seems to continue, the upside is limited. Immediate resistance can be found at 1.1800 psychological handle.
Hi, crew.
Let s take a small risk trade now . . .
Selling at 1.17 95 with SL at 18.11

Have a good week all . [ Poor Justin Trudaeu included...]

Quoting F.g
Hi, crew. Let s take a small risk trade now . . . Selling at 1.17 95 with SL at 18.11 Have a good week all . [ Poor Justin Trudaeu included...]
...HIT already...
retest & break 1.1827. carry out here also .can be faster to get target 2. take care , fontu
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EU: taken a short below D-R1 level first target D-PP 1.1768 if it clear 1.1800
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The USD index was slightly softer after Trump alienated the US from its closest allies by refusing to endorse a joint G7 statement and warned of auto tariffs, while he also took to Twitter in his reproach against PM Trudeau and to a lesser extent the EU. This benefitted EUR/USD that attempted to reclaim the 1.1800 handle.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1700 (0.781 BLN), 1.1720-25 (0.465 BLN), 1.1745-50 (1.1 BLN) and 1.1800 (0.582 BLN).

Now I’m trailing so moved stop loss to Last Friday lows @ 1.1726 and waiting for my 2nd target @ 1.2000.
Little h&s 20 pips down
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STACK'EM , STACK'EM , To the top! that's right !
Short again here @ 17.90 SL 18.21
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