EURUSD

The USD index traded flat in an uneventful overnight session for the majors and with markets looking ahead to upcoming risk events for a better catalyst. The EUR/USD saw mild pressure and just about maintained the 1.2400 handle ahead of the upcoming ECB.

Option expiries of note for today's 15:00 GMT.
EUR/USD: 1.2200 (0.793 BLN), 1.2265 (0.654 BLN), 1.2300 (0.654 BLN) and 1.2310 (0.696 BLN).

Also, take note of tomorrows - large size expire:
EUR/USD: 1.2200 (1.0 BLN).

Opened other short position @ 1.2432 with a target @ 1.2200
Still holding my old 1/3 position short open toward 1.2115.

No doubt stuck under 1¼. Next stop 1.3

Then all in for 1,30 ?

Target done

Eur Nice short -- Expecting 1.2327
Potential 50 pips on pocket --

Yes, it looks EUR should depreciate. But ECB meeting will be crucial. Hopefully the intraday trend will stay and no rebound will occured.

Long above & short below ?

bias is short previous week high, will short after 30min of this move after it cools and still valid

That would probably be the way I would trade this pair in the near term. 7 weeks of consolidation will probably lead to a break out.

ECB conference - Regarding non-standard monetary policy measures, the Governing Council confirms that the net asset purchases, at the current monthly pace of €30 billion, are intended to run until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. The Eurosystem will reinvest the principal payments from maturing securities purchased under the asset purchase programme for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary. This will contribute both to favourable liquidity conditions and to an appropriate monetary policy stance.
And EUR goes down again...

Makes sense that this correction would end the same way the movement started: with a false break-out from the monthly high established a day before.
There is also the decisive trendline, from which the market always responded, be it inverted or not.
Strongness as the correction hit about 3000 pips.
And of course price action as huge wick, right after breaking a bit the monthly high.
Yes it is a high risk trade, almost 700 pips, but considering the long-term setup (monthly trendline, golden ration resistance, price action) confirmed, it is a trade to be taken nonetheless.

Potential area for Long , going for form Head n Shoulder

The inverted head and shoulders pattern should occur in a bottom and not on the highs. For me is making a head and shoulders with a projected target near 1.1780. The neckline is at 1.2165.

EUR/USD jumped around 70 pips (broadly in line with option pricing) near 1.2445 high in wake of the ECB’s March policy statement that dropped the phrase indicating that the pace of QE could be increased if required, but failed once again to test/breach key resistance residing around 1.2461 and ultimately plunged to a fresh session low at 1.2350.

The USD index extended its topside range to almost 90.000, largely due to the EUR’s net decline.

Today’s Nonfarm payrolls can shake the market again fuelling another downward leg or inverting yesterday move, so caution is advised.

Option expiries of note for today's 15:00 GMT.
EUR/USD: 1.2200 (1.7BLN), 1.2285 (0.533BLN), 1.2300 (1.8BLN), 1.2350 (2.3BLN), 1.2450 (2.7BLN), 1.2500 (1.7BLN).

Still holding my old 1/3 position short open toward 1.2115 and other short position toward 1.1780.

The Euro lost some gains since yesterday. I think the USD will continue to dominate.

anyone shorted euro with me? win strategy to sell

yeah but i'am out for now.

Maybe to early but NFP is comming,it will be volatile.