There's no buyers left to hold price up.
We've also gone from very low volatility (ATR of 40 pips) and will probably start to see that increase.
The drop is still pretty tame so far, only 85 pips.
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DislikedI closed my long for 9 pips....es is breaking out to new highs with the dollah going up....that cant last one of them is got to give in. Trump will prolly tweet his stupid shit to crater the dollar and that doesnt work anymore and it will go up instead.....ill short euro once futures indexs start fallingIgnored
Disliked{quote} What scared me out other than the dollar and u.s. equities both going up was the 60/40 bullish sentiment on euro lolIgnored
Disliked{quote} I am certain that it will go much higher this week if the GDP data is goodIgnored
Dislikedprice almost reaches 100% of this week's range, from here i would be cautious {image}Ignored
Dislikedprice almost reaches 100% of this week's range, from here i would be cautious {image}Ignored
Dislikedprice almost reaches 100% of this week's range, from here i would be cautious {image}Ignored
DislikedHey all, On the technical side, EURUSD waves on the Daily chart are shrinking. The downward bias looks to be running out of steam as each wave is shrinking as price heads to major support level 1.2000, A price level not seen since mid 2017. On the fundamentals side I am looking for a pop at the end of this week IF we get a surprise on Thursday and Friday with the Monthly Durable Goods and quarterly Advance GDP results. I think it will take a lot to break that 1.2000 handle for now. Wait and see for me... - Ric {image}Ignored
Disliked{quote} i think that the next leg of the bear is about to shake the ground for the bulls 1.118 and then 1.114 is supportIgnored