EURUSD

The bears have taken over this pair. Today's daily candle is a strong bearish move, indicating more downside on this, aiming for 1.22 before we might see buyers come in again

bull still active at this top having sellers very active though & so maintaining almost flat correction so far.price on support now / 1.2250 or even 1.2000, No decision yet & and take utmost care for all trades . fontu

hi the3mp,

I'm using a bloomberg terminal, but if you google it "options expiry" there must be some else with the same info.

The USD index is only cautiously above the 90.000 handle and the EUR/USD looks anchored around 1.2300 with strong support and resistance not far from the round number at 1.2286 and 1.2329 (latter representing the 30 DMA) and little to offer impetus via German jobs or inflation data given outcomes relatively close to consensus.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.2150 (0.550 BLN), 1.2200 (1.0 BLN), 1.2400 (0.920 BLN) and 1.2425 (0.560 BLN) and 1.2500 (0.720 BLN).

Holding a previous short and shorted another one yesterday @ 1.2367 with targets @ 1.2213 and @ 1.2115.

a bit of a battle at the PreviousDayLow

yeah , a new bottom before a new top in lower tf signaling price a develop a d bottom for test limit up 1.2371 before further down to 1.2270/34 or just correction over to play the lows now or soon. Take care .breaks limit up 1.2371 should signal the bull towards 1.2470-2600

Went much lower than I expected . . .

new low at 1.22 84 Started building long positions here SL below 122 70

I think is better wait for to open sell. I not have sure, but i think this movement not is 1 pullback

1.2350 / 1.2360 - maybe is resistance.

The EURUSD is stock again at its 200 month EMA, which is exactly at the 1.2300 level. From this point, the pair may bounce to the upside, but it could also just consolidate around the 1.2300 zone.

Hi fontu, I hope you are well.

Prices after the initial push down at LO stalled at the PDL, bulls tried to push prices above the average but bears made resistance twice at 35 making a double top bear flag. Prices remained in the bear channel.

You know what they said about a picture? -selah!

I highly suspect the Euro is forming a top in this area after 16 months of strength.

Commitment of Traders report shows speculators (Hedge funds, trend followers that dominate markets) are at record longs. Dollar Index open interest is at multi-year lows, indicating that weak longs have been shaken out. Low Open Interest raises the suspicion that the market is now technically supported and ready for a bull market. https://www.theice.com/marketdata/reports/114


The Euro is also at multi-decade trendline resistance, while the DXY is at multi-decade trendline support. Cycles for the Euro top out right now/early April.
Momentum divergence can be seen on the EURUSD in the RSI and Rate of Change.

Higher European growth appears to be priced in by the market. US Inflation should pick up soon as CPI lags commodity prices and GDP by about 12-18 months.

I'm looking for (1) speculators to pile into Dollar Index longs before pulling the trigger fading this trend. This means we need to see a 5-10% increase in open interest in the DX overnight. Also need to see (2) Euro Uptrend line broken and DXY downtrend line broken (dow theory confirmation). Otherwise, stay on the sidelines.

Dont jump the gun let the market set this up for you. View invalidated on a full-body weekly candle close above 1.27.

Not trading today but want to wish you all a Happy Easter and hope that the Easter bunny brings lots pips .

Happy Easter , mate and all friends here in this thread . . . .

Approaching very soon a selling point... I ll TP at 1.23 38 IF reached , otherwise SL= 1.23 22
Now is 1.23 27

ok one small leg down complete but the all previous level of limit up still active 1.2370 & down levels also , even if breaks upper limits to some extend, that is a leg up to down base or down 1.2234 to test bull again. take care , fontu

Unexpected answers from unexpected places
https://forexfore.blog/2018/03/30/unwavering-faith/

Stoped at 123.22 . FLAT Have a happy Easter

Eur/Usd will probably continue to consolidate around 1.23 level due to the holidays.

Thinking to go short, i expect the NFPs to be strong.