EURUSD

Eurusd for today

Bull at the top still in action , will take more time as expected , well & good . minimum correction already done & so test the top again & again to another leg up or fail at the top & waiting both scenarios for action to hold for rest of the year . no smaller tf to see & if any mess!! short term play / scalping any should work with all zigzags just give more spaces to play with , not forget at be at the first chance & do again. Take care , fontu

USD index continues to reject advances towards the 90.000 level and beyond, which in turn is shifting the technical outlook more bearish amidst ongoing global trade war and White House personnel concerns remains the principle theme.

However, EUR/USD and single currency crosses have been knocked back to an extent by comments from ECB President Draghi and Chief Economist Praet, reiterating that inflation is still below target and therefore policy needs to stay “patient, persistent and prudent”. Throwing EUR/USD back below 1.2400, but holding above the 30 DMA at 1.2345.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.2390-1.2405 (1.0 BLN).

Sweating but still holding my old 1/3 position short open toward 1.2115 and other short position toward 1.1780.

spotted potential harmonic patterns across 3 majors on D1 TF and 1 minor (GBPJPY) on H4 TF

good luck everyone

the forex market is full of opportunities (and harmonies)

GBPUSD D1
potential Bearish Cypher
PRZ (price reversal zone): 1.4210


AUDUSD D1
potential Bearish Cypher
PRZ: 0.8045


USDJPY D1
potential Bearish Cypher
PRZ: 109.34


GBPJPY H4
potential Bearish Butterfly
PRZ: 149.76

As dollar (gray bottom) stay's dormant, EUR and GBP futures are going to keep going up. EUR/USD still looks pretty for longs.

Eur for today

The USD index remained muted and below the 90.00 level amid ongoing US-China trade tensions, which marginally benefitted its major counterparts on what was a relatively uneventful session for currencies.

Option expiries of note for today's 14:00 GMT:
EUR/USD: 1.2305 (0.654 BLN), 1.2350 (0.527 BLN) and 1.2400 (0.632 BLN).

As an early heads up for Friday:
EUR/USD: 1.2300 (2.5 BLN), 1.2350 (1.3 BLN).

Not sweating anymore and still holding my old 1/3 position short open toward 1.2115 and other short position toward 1.1780.

Please, where can I find this data about option expiration for EURUSD?

https://www.dailyfx.com/sentiment?ref-author=Stanley

The USD index strengthened with the repeated drop of the EUR contributing to the strength of the dollar, leading to a break through the 90.000 level.
EUR was subdued as markets continued to digest the recent comments from ECB members, including Wednesday’s dovish comments from Draghi, while ECB’s Villeroy mentioned that the ECB had made progress on inflation but would not pre-commit to timing on QE.

Option expiries of note for today's 14:00 GMT:
EUR/USD: 1.2200 (0.767 BLN), 1.2300 (2.6 BLN), 1.2350 (1.4 BLN), 1.2380 (0.553 BLN) and 1.2450 (0.714 BLN).

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

https://forexfore.blog/2018/03/17/the-law-of-deception/
It would be your loss...

EU D1

As follows from the latest CFTC data, in this week the main changes in speculative positioning occurred in euros and yen, while the situation in other currencies remained more or less the same. The euro remains the only clearly bought currency, the yen is the only one clearly sold, and positioning in the loonie, cable, aussie, kiwi and franc is close to neutral. The volume of the net short position on the dollar increased by $ 3 billion, and it was sold mainly against the euro and the yen.
Net long euros increased by $2.1 billion to $22.7 billion, closely approaching the historical high of $23.1 billion recorded in late January. This happened against the background of the closing of short and the opening of fresh long positions.

Positioning in the cable has almost not changed and remains close to neutral.

Bears in the yen close the shorts at an increasingly fast pace, but the bulls open longs while not in a hurry. The volume of the net short position in the Japanese currency fell by $0.9 billion to $9.3 billion (the minimum level since early October, which will be lower than the multi-year high of $15.0 billion achieved in mid-November).

The volume of net long loonie almost did not change, however, traditionally there was an opening of interests, as speculators opened new long and short positions.
This reporting period ended on March 13, so this data does not take into account the changes in speculative positioning, which probably occurred during the dollar / luny growth above C$1.30.

Pure positioning on the Aussie again became bearish. Since the beginning of February, there has been a steady trend towards active interest.

I very much agree, the call for 1.30 is a pipe dream. Already above 100 month EMA. Down this week to 1.21.
The Fed will raise rates WED as very much expected and maybe this will be the catalyst to jump start USD/JPY to rise a couple hundred pips and bring the euro down.

Interesting week ahead for the Dollar. Important US data coming out.

USD will find some legs this week because the European greater inflation than the US story is already known. Just like the 3 hikes this year were priced into the dollar when the euro was at 1.08. Forward looking markets see months in advance.

ECB will normIlize monetary policy yes but that does not mean the Euro will keep going up because the rate differential is so skewed now to the USD side. Was not at all like that when the exchange rate was 1.40.

The pair seems have lost its bullish momentum, upside limited to 1.2335, Eur/USD continue to lack of directional strength. Immediate support can be found around 1.2260.

You're right. Whether it would continue downward is another prblem. But the correlated pair, AU already showed downward move

You're right. Whether it would continue downward is another problem. But the correlated pair, AU already showed downward move