EURUSD

Again pure market manipulation very good news out of the us ... And what does the market do .... Go the opposite side

this is fucking bullshit

So far so good . SL on longs at 17.25

The market have its own direction. Why we think it's a matter of data or news?

There are no free lunches. Data is always priced in by some degree. It is all about how accurately investors predict the outcome beforehand, actual (realtime) news trading is just adjusting the before assumptions - so the price can always go up or down regardless the news.

third target hit

Sl up to 17.50 . . . . .

Stoped with some prft. Watching now.

The dollar fell and treasuries rose after the average hourly wage increased in the US in June weaker than expected. But, despite the fact that wage growth is key for the Fed, analysts believe that today's report is unlikely to change the forecast of the Central Bank's rate hike. Some pointed to 1.1850 as a key area for EUR/USD,

American employers created new jobs for 213 thousand people in June. against the forecast of 195k, average hourly earnings rose 0.2% against the forecast of 0.3%; and the unemployment rate rose to 4% from 3.8%. The dollar fell 0.6% against the Euro to 1.17763 per Euro, the weakest level since mid-June.

ABN Amro
On EUR/USD "1.15 looks now difficult to break through, so in the short term the market will look at how far it can push" the pair up, " she says. The key area to observe is the June peak at about 1.1850.

TD Securities
Further growth of the dollar may be limited, given the weakening rate of wage growth. "The us dollar has come a long way with some signs of price fatigue," which suggests that the dollar's momentum has stalled.

Allianz Life Insurance Co.
While the yield spread of 2-to 10 - year bonds widened after the us employment report, he sees a continuing trend towards smoothing the curves. Everything will depend on the Fed's plans to raise interest rates. "We don't think there will be a curve inversion this year, but it could be a story for 2019 if the fed continues to raise rates at this rate," Ripley says. The market does not see the fed's acceleration in the rate hike in an attempt to fight inflation, as wage growth still remains in the range of 2.5% -2.8%.

SEB
Despite the fact that data on the number of jobs is unlikely to have a major impact on the fed policy Outlook, rising unemployment should somewhat reduce concerns about overheating of the labour market and to reduce the pressure on the regulator to speed up the pace of tightening. At the moment, the fed is likely to focus more on the risks associated with rising tensions in global trade than on labor and wage growth; trade issues will probably not affect fed policy in 2018, but it could be a factor for 2019 and beyond if the situation worsens.

RBC
"At this point in the us economic cycle, wage growth is clearly looking slow." RBC will monitor whether the markets will be able to keep the momentum of buying EUR/USD above 1.17.

Mechanical system, here we go...

https://forexfore.blog/2018/07/07/the-perforation/

pressure down strong continues , just a spike up may be possible in next weeks . no change analysis . continue as before .take care in taking the spikes up . fontu

Simplified Daily Chart.

maybe it is possible
although the result rate of this system is not very good.

The MACRO!

its mine...



thanks 'n regards,
sonigl


Note: check my last NFP trade here

Are you tracking the EURUSD this week? Consider this top down technical viewpoint.

On the weekly time frame, the EURUSD is operating in an ascending channel (red), reflecting the ascending trendline seen on the monthly time frame. The last five candlesticks printed on the weekly time frame have been with long lower tails, indicating a bullish rejecting of the horizontal support zone. Last week the candlestick printed was hammer-like and represented a follow-through of the bullish pinbar printed two weeks ago. Technically, price action is rejecting the support and we may see bulls take the market further north. Bulls may target the channel resistance but the horizontal resistance around 1.19260/1.20110 will need to be taken out first.

On the H4 time frame, price action is heading northward and an inner ascending trendline (chocolate) is being respected as support. We should also be aware of an outer ascending trendline for a longer term use as support. The order flow context favours bulls and we may see them take the market further northward, with the horizontal resistance around 1.19260/1.20110 a favorable technical target. However, we may see bears attempt a pullback of price action to the inner trendline (chocolate) or even the minor horizontal support around 1.16490/1.159990 (bound by horizontal magenta lines) before an impetus for a bullish momentum.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Attached Image (click to enlarge)

I have 1.1820/30 as consensus target.

17.79 new high fttb . . . .
I will be a seller at 1 17 56 ON STOP .

Have a good week , all .

Long opened at .1763, SL=BE. TGT=1.1820

it likely very tough breakout direct for correction up , so watching for a correction for next try , no hurry & so still more zigzags at the floor possible , a last try up if fail at 1.1729/00 then bo downside . next supports may be 1.1729/00, 1.1669 to even 1.1590 .immediate resistance 1.1780/1805 ok.take care , fontu