EURUSD

short taken, sl 1.17860

though not a good entry ; not enough strength yet

EURUSD did very well yesterday, but today looks the opposite from profit taking? I think that sellers are getting stronger, but many support levels yet for the bears to confirm a bearish trend. Also there is many OI from the bulls yet.

Today should be the most volatile day of the week especially on the US session.

GDP numbers from Germany and US will show how the two economies have performed and going to.

I don't like* playing the news, they hurt stops very easy, you should be an expert to do it right.

First support is 1743 and resistance at 1797, just intraday levels.


Have a great trading day ahead!


*I don't like doesn't mean I don't play the news too, it is just the morning routine.

unless 1680 breaks, eu is still bullish

Exclusive analysis of gold:

https://www.forexfactory.com/thread/...0#post13087000

Got a gud price @ 1.1760, entered a biy here with a 50 pip SL (am expecting d bulls to Tp and some bears t come in)

Hv anodr buy limit @ 1.1741.

this may be my last trade of d week.

Bought @ 1.1732, SL @ 1.1712

How I am seeing it is

1. Bounces back up from 1.173-172 to test the high of the day at least.

2. Tests 1.172-1.171, jumps to 1.177-1.178 and then back down, forming H&S and continuing with the bears for the next week maybe due to the weekly/monthly resistance up here.

3. And of course, bounces back up from 1.173-1.172 and continues the wave with the Bulls, probably breaks through the roof.

[Update 1: After 25 pips in, some lots closed for TP, rest @ BE now]

[Update 2: Closed more @ 60 pips in at around 1.1794, one position still open @ BE now]

[Update 3: 100 pips in, and currently sitting above the 61.8 @ 1.18145 (last wave on monthly TF high[5 mar 2018] to low [16 mar 2020] Fib. Let's see, looking forward to see where the week and month is closed]

Let us see how much it can fall whether h4 14 sma supports or breaks

Hello everyone so what to expect today from EurUsd

Up or Down

Seems you got good entry at Top almost

What is easier, knowing your performance, ups and downs when you are trading EU, or EU?

Damn... miss my entry by 5pip. Had buy order at 1.1740 on center bounce but it bounce a bit ahead. Going to try a tiny buy here at 1.1760.

Moved my sl for both 4 & 2 lots opened last night to 1.1815 & going to leave them to run for a few hundred pips or close.

This isn't helping EU, I stay at sidelines yet.

GDP Q2 actual -10.1% previous -2.2% forecast -9%

I got in @48
Definitely my last trade of d week.

H4 divergences now showing. Could be a potential top and reversal point?

Euro is busy trapping Bulls with love

Too less to take a logical decision please add some more indicators

Naa its enough to help me make decisions buddy.

Bought @ 1.1732, SL @ 1.1712

How I am seeing it is

1. Bounces back up from 1.173-172 to test the high of the day at least.

2. Tests 1.172-1.171, jumps to 1.177-1.178 and then back down, forming H&S and continuing with the bears for the next week maybe due to the weekly/monthly resistance up here.

3. And of course, bounces back up from 1.173-1.172 and continues the wave with the Bulls, probably breaks through the roof.

[Update 1: After 25 pips in, some lots closed for TP, rest @ BE now]

[Update 2: Closed more @ 60 pips in at around 1.1794, one position still open @ BE now]

[Update 3: 100 pips in, and currently sitting above the 61.8 @ 1.18145 (last wave on monthly TF high[5 mar 2018] to low [16 mar 2020] Fib. Let's see, looking forward to see where the week and month is closed]

Lets see if, the price comes back around 1730-40, more buyers should wait there for the US session GDP which it hasn't a good forecast - too bad in this case for the USD.

The target should be above 1764, so it can give something.