EURUSD

This coming Thursday for EURO rate decision, Main Refinancing Rate

Most expected remain or CUT rate .

Can i assume :
1. no cut ---EURUSD rise
2. Cut ---EURUSD DROP


while waiting .....the market would thread along .....
but here and there might spike up/down , etc etc ....
consider RANGE market ......heaven for scalper !

Eyeing 1050 and 1066 above.
looking for price action around these levels in London. If we make it back to 1080 it will be a sell fest most likely

Simple business, range ahead the ECB conference, on Thursday. (if no BS breaking news from BXT)
Oscillating 1.1050. First support 1.1020, resistance 1.1070.

Banks not interested in 1050, so up we go for now.
A possible trade to 1080 could be on the cards, but I will look for some confirming price action buy under 1050

Tomorrow is the ECB day, and usually one day before we got "SOURCES" moving the market up and down, left and right... so theres something to pay attention for, be careful trading today.

so looking still 1.1011 & down before up

Price is in ranging mode ahead of ECB.
1032 offered a buy back up to weak looking 1050

Still there. Nothing new.

top ranging and risk increased , waiting for bo 1044 with close H1 for 1.1010 +- before next reaction,apparent PA now , take care
https://www.forexfactory.com/showthr...4#post12495314

this week EUR rate cut , next week FED rate cute again ....

both cut .....most likely send EURUSD down below 1.1000.

see chart..

That pin bar is worth trading..

Oh, BTW, this was the M15 chart for the Sept 11th last year ...
It looks like this year the peak will be reversed... not a bad sign I hope

Breakout??

Yep. Going down. Topside was capped at 1066. Seems obvious in hindsight.

Holding short.. so far, so good..

well done eu & pa now

Great charts Fontu!

EURUSD daily. Same pattern. Next up - dump.
ECB can't reverse anything, therefore a new leg lower is the most likely outcome.
EURUSD only pays swap if you short it. So no incentive for institutional players / funds to hold any long exposure in EURUSD.

Strategically, it's enroute for the gap fill near 0850, can't defy gravity pull.

no good chart I know ! thanks , see the whole picture.the same bad picture !