EURUSD

I'd buy looking to H4 now if only it is not Friday today :-)

Sell some at 1.17054

I won't dear, the political opinion was expressed here and I felt every right to reply to it.

Hi, If the US GDP crosses more than 1.5 or 2, the movement for the Dollar is long. ECB is not going to plan anything until September and the all coming economical data for the EURO AREA not going give much impact on uplifting the EURO. Consensus for the next month for EURUSD is between 1.14 to 1.18 up to September.
US economny is improving but the Dollar is little weak. If The NFP data next week showed good or moderate improvement in the job and wage growth the dollar would be in slightly strong position.

anyone want to monthy 2000 more than earn pip.....
following my thread..i think that's u can made easy
this;s week close resuilt
https://www.forexfactory.com/showthread.php?t=686214

Maybe we'll see 1.18xx today.
1.1860-77.

you dont know that for definite, go back to Oct 28, 2016, look what happened when so called good numbers came out... Dollar Tanked.

Trade analysis for short:

Weekly chart: Downtrend... doesn't have much to do with trading but needs to be considered.
Daily chart: Uptrend-strong... Mainly for trend traders but is also useful for day traders.
4Hour chart: Uptrend-weak... The trade zone for most. It is hitting resistance. This may be a turning trend or consolidation.
1Hour chart: Downtrend-weak... Basically for day traders but good for entry and exit positioning. It is hitting resistance.

Heiken Ashi Candles: All blue would suggest a continuation of an uptrend, however, the 4Hour is starting to waffle suggesting a resistance or consolidation.
Weekly - blue
Daily - blue 30 candles
4Hour - blue 2 candles

No SMA 50/20 crossovers

Fibonacci Retracement:
Short term or day trades the 50% would be around 1.1150 area.
Swing or trend trades the 50% would be around 1.1400 area.
Long term or trend trades the 50% would be around 1.1000 area.

RSI: based on 30% and 70% hits
Weekly - broke the 70% July 2017. This is extremely significant. The last 70% hit was in 2011 when it hit 1.48 and dropped to 1.21.
Daily - Broke the 30% in November 2016 and climbed ever since breaking 70% 4 times. The PA is remaining in the high 70's suggesting consolidation or resistance.

The charts suggests the EU is out of balance on the high side. Market forces would suggest balance at around 1.1400 (long term). That should be the pivot continuing the uptrend or breaking it and going lower. Regarding the uptrend we are kind of in no man's land since the R/S's are very old--yet will probably be considered if it continues an upward trajectory.

My opinion is that the EU has run out of steam based on the RSI hits or it is consolidating for a stronger uptrend. I reset my take profit to 1.1400 from 1.1000.
This has been an 8 month uptrend with about 1400 pip run. The last retrace on the daily was about 3 months ago. It seems due for a retrace at least to the 61.8% or 50%. It's not unusual to expect a testing of the recent highs. Slow go.

The fundamentals do play a significant role if you day trade. That's why I don't day trade anymore. I hate being in the whipsaw action. But those who are good at it, the opportunity is greater in day trading.

Consensus for Q2 GDP growth is 2.5...1.5 or 2 would be massive sell-off....

Very good US GDP data expected in less than 1 hour Gross Domestic Product Annualized 1.4% Previous 2.6% Consensus.

If the consensus is confirmed, it's possible 1.15xxx as weekly close...

Yeah same as 1.18, depends where news take it. But given the position it is now and Euro strength today vs the others I don't think it is very likely unless gdp hits 2.7+.

bear time comming soon..

Bet GDP underwhelms. And bet it is revised later. So they "fake" it all. With the way things have been going, right?

The US has been TERRIBLE for the last month. Starting to look third world at this point jeez. We are doing everything we can to get everyone off of the USD standard. Man!

Dear sweetie, please Calm down, ok precious honey?

Short @ 1.1728

Short : 1.1729
Tp: 1.16
Sl: 1.1734

Anyone who is counting on good US GDP... don't count on the US for anything good any time soon... haha.

Will Release Today ... Possible More

up or down, now is all about gambling