EURUSD only

A good part of the time they move tick for tick ,,,not all the time ,gold gets used for a lot of things ,,,,,,,,,not just as currency ,,it is a commodity ,little different mkt

is your comma key stuck ,,,,,,,,,,, ? just wondering hehe

nope ,,just easier to read with breaks here and there ,,,,,,,,lol

Bulls/bear tussle for the 1.2330 handle....who will emerge victorious?



Who's in which camp?

Trumps strong dollar hidden agenda.İf he tariffs german autos EURUSD will hit 1.15 immediately i am sure

Until the bears bring it down convincingly under 1.2330 then 1.23, I would like to think the Eur/Usd bulls still have the upper hand.

Not necessarily. US Fed raising rates like crazy, but USD is lower with every raise
You must understand that World Financial System belongs to USA and they will establish ANY USD level they wish. That's why IMF is a proxy of Fed.

BTW. I expect some EU downside short term. 1.2150 was not really a fair pullback.

My 2 cents - we go 1.23 again. Maybe 1.2285. then 2330-50 then 2310...... All day Tuesday till Wednesday US news.

Re did the minor wave count from the first intermediate impulse wave.

So still I think we completed intermediate wave 5 and also primary wave 5.



W to X isn't an impulse wave since we made a lower low on corrective minor 5. So I think we are doing minor A-B-C to complete intermediate (B) and then 5 minor corrective waves to complete (C) and Y.



Wave Y can't pass FibE 161.8 from wave W and FibE 123.6 is common, so I think bounce on the TL @ 215x for targets if going short.



Grtz

Here is what I'm looking at

Daily
Downward sloping channel for bear trend.
Fib expansion to predict wave 3 (will update this once wave two has clearly formed by a swing high)
Stochastic still pointing up so still expecting upwards move to the trendline drawn in blue.
Hopefully looking to see consolidation around here before big move to wave 3 (weekly stochastic are also currently pointing down also)
Targets will be
127%=1.188
141%=1.183
161%=1.174

From there correction wave 4 too around 1.200 level which would be 38.2% correction of wave 3

Trade Idea from CitiBank (NY): Buy EURUSD 1.2335, target 1.26, stop loss 1.2185

- Negative news-flow for USD comes at a more precarious time. Our flow analysis shows that USD buying recently touched its highest levels in more than a year among the leveraged sector, while there has been a pause in outflow from USD among real money investors. This means that the flow backdrop has unusually supportive of USD compared to recent history and may threaten renewed deterioration moving forward. More recent slowing in leveraged sector buying may signal that the previous surge is overstretched.
This probably goes some ways to explaining USD (negative) sensitivity to last week’s announcement that President Trump intends to pursue tariffs on steel and aluminum imports. The details of potential trade action remain unclear and may be fluid ahead of expected action this week, but this underscores that policy appears to be shifting in favor of more hawkish outcomes. We anticipate ongoing drag on USD from this factor in the days ahead, with outperformance from non-USD safe-havens.

- Risks are skewed to the downside for USD on average hourly earnings. In addition to FX positioning, lean in money- and fixed-income markets seems to be in favor of stronger price data, pointing to risk for disappointment if recent strength in rate expectations and yields is not validated by the data on the ground. We would not rule out a disappointing reading given unfavorable base effects, more favorable weather and potential for reduced impact from one-off factors such as announced wage increases on the tax cut.

- Politics are unlikely to deter EUR buying. While USD drivers appear to have been the main force behind EURUSD moves, a shift to discount lower European political tail risk could prove supportive. The SPD vote over the weekend formalizes Germany’s Merkel led coalition and the Italian election outcome does not appear likely to derail EUR strength.

Clarity on parliamentary seat counts in the wake of the election is unlikely to come before Monday European time. However, EUR has weathered initial headlines showing somewhat stronger performance in exit polls from M5S and weaker performance from the Centre-right coalition. While this has historically not been an accurate gauge of final seat allocations, it would be a surprise if this did not result in a hung parliament. Thus it is likely to be a period of months before a government is formed and even if anti-establishment parties (M5S and Lega) were to backtrack on earlier suggestions they would not form a coalition, it remains unclear that there will be major shifts in policy.

If EUR has been unable to muster a sell-off as this outcome has begun to take shape, it is not clear why it should see more pressure on confirmation that this is the case in the hours ahead. We therefore favor buying the slight dip.

nope..

Bulls Party is almost over in the range, Let the Bears take turn from 1.2380

Plenty pips to all

May I change my mind.At this moment, wave 1 of 5 still not finished. May it climb up to 1.2400
Short term buying has placed,expected 40 pips.

How after 2008/09 mutual PONZI-style scam by all major financial institutions someone still trusts banks' reports? They are known for positioning AGAINST their own clients. They are no more than talking heads designed to pump out your money.
I better trust my eyes and charts.
All currencies are moving by trends and pullbacks, not by Trump, Merkel or City Bank.

sold eu with tight stop, whatever its planning on h1 it will happen big now

Finally got my fake-out, and closed my previous BUY..
Now selling life out of it with a 30pip stop.. target 1.20766

That's a bold statement. Where do you get your confidence from? Not questioning your judgement buddy, just curious to learn about your reasoning and learn more. Thanks.

Most likely it seems to be bearish pattern but its real breakout level i have also sold eur. this leg will give good bounty.

possible if 2354 is left untouched