EURUSD only

The price euro right now, makes it hard for the euro to climb above 1.20.

The long term picture shows that the current price is up against the top line of a couple of long time-frame channels.

In the weekly chart below, the yellow line started at the high in July 2008 (currently at about 1.1864), and the purple one in February 2018. If the bulls can move the price to sustain an upward break of that channel we should see a long bullish trend for the euro.

This was the ABC Up

Any one here does Trading on basis of Bollinger Bands only for EU??

TRUE. This is what we called as PRICE ACTION.

But fu$$$$$ gambler's can make it happen.

I am

Hey guys. Im taking the FTMO challenge currently -2% down and one week left.
i only trade EURUSD and US30. NEED HELP!!

Any one know what the heck is happening with EUR/USD?
why is inflation so important ? to me, it seems that they are trying to control nominal prices over real output so as not to overprice goods and services.
To me, i see inflation like a "interest rate" on a loan.

The labor market in the US will have to pay back not just the debt but the 'interest' on it.
Since there is a pandemic, i assume all workers have NOT returned to work. Is this why asset purchasing is so important right now ? what? is the fed relying on foreign and domestic portfolio flow or something?

could some one educate me ? i dont know if im on the right track here.

Based on weekly, instead of fib 61.8 (1.1822) I also use fib 66.6 (1.1914) and since price arrived there we started to notice this strong uptrend slowing and hindering bulls for new highs..

The meaning is simple: Market needs a correction and weekly candles are slowly forming a sideways cluster to make it happen.. No rush but market eventually will retrace from here once bears can achieve a weekly close below 1.1822..

Stay Green

Whole lot of nothing last two days, can’t seem to challenge 1916 resistance or 1809 support. I assume people are just positioning for the Fed tomorrow. Not really sure what they expect, everyone knows they will come out really, really, really, and um, really dovish. ECB said they won’t do anything about the dollar devaluation, at least not at these levels, maybe if we break above 1.25.

Our four month old trendline has held without fail, but it is starting to get steep, I think we can break it in the not too distant future without invalidating the bull case. We would need to break 1750 for bulls to blink for the first time. We continue to follow stocks, as I posted before we needed to go to 3400 or 3200 on the S&P, we went up so the Euro had to too., but 3400 is decent resistance we need a catalyst to stay above it I think. Anyway, I see about 1825 as the trendline support at Fed time, a little 1809 support, big support at 1750. Resistance I think would be 1916, 1950, 2010.

As for Euro options, realized vol is down around 5.5, while implied is in the 7 to 9% range. That implies traders are expecting a lot more movement then we have had lately. Straddle pricing in a range of 1675 to 2025 over the next 24 days right now. Up tomorrow is the expectation, so I would expect the upside to be relatively contained. Down is not really priced in, so it could get ugly if the unexpected happens.

Or it just goes similar like from 26 June to 13 July. Just keeping the slow upwards trend while looking like it wants to go down.

Direction is officially down, selling won't stop until an RSI2 below 2 reading.

Yes and that's why I emphasized that it is highly important to first wait for a weekly candle close below 1.1822.. As long as weekly candles open above this level bulls have the upper hand!

Stay Green

Still keeping my longs, target now edited to 1.19630. The fed loves pushing the market over 100pips during FOMC

Price seems to be making megaphone type pattern- - higher high - lower low on hrly - a sign of change in direction coming. Exhaution of trend.

So looking at Daily BB
It is at Middle
So what direction can we take
Can we buy here at BB Centre ??

what are your BB settings?

Nice call

N ow a wake up for euro in the upside

What are your bb settings?