EURUSD

Nice bounce Friday on 1.1335 and the bull broke the bearish trend line.
Difficult week to read directions: end of the month, Europe and US important data, NFP, holidays, politics...
Just the weekly pivots and few S/R levels.

So h4 is up and weakly trendline also look hold it's mean next week go up

Hi , crew .

My plan : I will buy on some mild weakness at , say 113.83 [if seen...] and TP on Monday on strength at ~ 7:00 EST . Reverse there to short looking for new lows .

Have a lucky trading week , all

If you are tracking the EURUSD this week, consider this technical top-down perspective.

On the daily time frame, price action is basically disposed southwards. An outer trendline (blue) is likely to be important in case of a northward pullback, while an inner trendline (magenta) is presently in play as resistance. As price action is in a confluence of a horizontal support seen on the monthly time frame and an ascending trendline (black), we may see a northward correction, perhaps to the descending trendline (magenta), before a southward continuation.

Price action on the H4 time frame printed a bullish outlook in the last two sessions on Friday. We may expect a further upward move in the early part of this week before a southward turnaround. A retracement of price action to a descending micro trendline (chocolate) resulting in a bearish setup may provide an impetus for a southward momentum.


I may be wrong. Trade safe and prosper.

KP

BUY EURUSD

On the 4h chart, EURUSD has breached the falling wedge pattern continuing its upward move. I expect it to reach up to 1.14225 level. Sustenance above this level, next target will be at 1.14485 level The supports will be at 1.13872, 1.13619 and 1.13353 levels.

Same here. Bought 1402 for a 15-20 pips scalp.

couple of levels I might have a closer look at once tested, nothing tremendously interesting right now, pretty damn slow...

Yes, I know, just small bull scalp... if lucky.
We could even see spike down later if Italy and Germany trouble...

1.13 would be a good bearish test. If withstood, we can see a push to the upside with potential target at 1.16.

It's possible that the price uses the trend line as a support.

buy euro

Spike down it was. I have recovered my long SL + peanuts ...and flat for the moment
Wasted day for me

German Chancellor Angela Merkel is planning on resigning as head of the Christian Democratic Union, sources close to the chancellor said Monday morning. ... The party's declining electoral fortunes have put pressure on Merkel within the CDU, and likely prompted her decision Monday' to resign as party chair.21 mins ago

We are still in a downtrend.

Iam going to short again at 1.1470 area.

We have a busy week,so watch out.

You can be long and win it all depends on the time-frame you are trading. My analysis is on a daily and weekly time-frames, so if you are trading on lower time-frames you can disregard my analysis.

FX markets were quiet as the USD index held steady near the 96.50 level and with its major counterparts also uneventful as EUR/USD eyes a retest of the 1.1400 handle to the upside.

German Chancellor Merkel says she may not stand for re-election as head of the CDU party. German SPD Leader Nahles says the leadership will meet next week to discuss plans. German Chancellor Merkel is due to speak on the results of the Hesse elections at 12:00GMT (13:00CET). This can really shake the EURO.

Option expiries of note for today's 14:00 BST:
EUR/USD: 1.1350 (1.5 BLN), and 1.1400 (0.600 BLN).

Moved my stop to breakeven but still waiting for my target @ 1.1300 (2018 low). I’m looking to short again on a pullback and the 10-day moving average roughly at 1.1440 seems to be a great candidate.

114.15 now . E. tops out in few mins. Take care

Price action just like one week ago. Monday morning optymizm and them drop

D1 has support at 1.13193 and its ready to pullback
H4 retracement almost end.