EURUSD

Fake Bo up may doing now and may still may do a fake to down also before settle direction, 200pips ranges as risk still . take care, fontu

Yup, fake bo in the works, gonna close my longs as the M30 reaches overbought. US data coming.

E: almost missed that exit... Anyway, resistance did its job, back to 1700

Seems like EU making final waterfall before launching the rocket. who is with me

No rockets before friday, I'm afraid.

Iam short pending at 1.1719.

I think we go down,down,down,but out before FOMC.

If everything goes according to the Fed’s wishes, today’s rate decision will not have a major impact on the USD exchange rate. There is no rate hike expected today and the data have not changed much since the forecast update at the June meeting. During the afternoon, the ADP Report will give us a foretaste of strong official labour market figures due on Friday, and the ISM index looks set to underline buoyant economic sentiment. Hence, a rate hike in September appears to be a foregone conclusion. However, it is clear that this pattern (a rate step every three months) will not continue forever. The Fed estimates the “neutral interest rate” (i.e. a rate which is neither expansionary nor restrictive) at just below 3%. This level is slowly coming within reach. Accordingly, the Fed is faced with a communications challenge, namely how to move away from regular rate hikes without running the risk of having this step perceived as a sign of a weaker growth outlook. If markets believed that US growth was going to slow, not only the dollar, but also sentiment would suffer – and it is most likely vulnerable anyway due to the persistent trade conflict. With no press conference scheduled, which would give the Fed an opportunity to explain any changes to its statement, I do not believe that the Fed will tackle this challenge today. I therefore regard the dollar risks as balanced ahead of today’s meeting.

crude oil inventories & fed rate coming next , take all care at & after . they may not satisfy market, so may spike up possible !! even positive for crude oil specially !! take care , fontu

very bad data , ready for any consequences , not all , also confirm by fed rate next , limited effect now .

USD INDEX H1
Head and shoulder Pattern
(2018/08/01)

Well spotted alirelax I'am also sticking with my bullish guns.

EURUSD vs USDCNY H4
EU long @1.1627; tp 1.1725
SL EURUSD 1.1600 or USDCNY>6.8325 edit: My SL are about - I look at the circumstances at this time

In FX markets, the USD index was flat for most the session in a continuation of the prior day’s indecision and after the FOMC failed to trigger any significant reaction. EUR/USD was lacklustre after having recently failed to reclaim the 1.1700 handle.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1600-10 (1.1 BLN), 1.1625-35 (1.1 BLN) and 1.1650 (0.848 BLN).

EUR/USD is trying to break below the pennant shape pattern on a daily chart. However, I am still holding my long position @ 1.1555 with the targets, first target @ 1.1852 and second target @ 1.2000.

BOE Inflation Report Press Conference, August 2018 - live in 3 min ...

eurusd (2018/08/02)
buy att: 1.1615/1.1600/1.1585
tp :1.1665
sl:1.1550

A difficult area

I've never seen another trader that looks for excuses to stay in the trade more than u! Not judging i like your determination but it's pretty funny.

Watch out for Bollinger Bands squeeze breakout

been busy, but I wanted you to have this:

https://forexfore.blog/2018/08/02/fluctuation-plots/

looks interesting .. please u can elaborate in explaining the entry and exit points?