Disliked{quote} True.. Nasty zone we are in right now.. I watch on sidelines.. Stay GreenIgnored
ADR also supports the same and the 161.8 weekly fibo @ 1.1891
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Disliked{quote} True.. Nasty zone we are in right now.. I watch on sidelines.. Stay GreenIgnored
DislikedMan what the hell, eu surprising me a lot lately! Such a sharp turn-around, I don't get what's driving this whole move.Ignored
Disliked{quote} 1.1881 - 1.1891 - 1.1896 area needs to be watched closely till then sidelines is good ADR also supports the same and the 161.8 weekly fibo @ 1.1891Ignored
DislikedEUR/USD bulls should be worried. This upwards move is simply due to USD being dumped. Most XXX/USD pairs have gained over 1% for the day, but EUR/USD is "only" green by ~0.5%. The market's perception and belief of the EUR is still cautious, so I think I would still prefer selling highs rather than trying to hop onto the bull train. I doubt the strength of the Euro. On the flipside, we can also argue that de Guinos will be speaking in about an hour's time, so perhaps the market is just staying on the sidelines first to be cautious. The EUR/USD can...Ignored
DislikedEUR/USD bulls should be worried. This upwards move is simply due to USD being dumped. Most XXX/USD pairs have gained over 1% for the day, but EUR/USD is "only" green by ~0.5%. The market's perception and belief of the EUR is still cautious, so I think I would still prefer selling highs rather than trying to hop onto the bull train. I doubt the strength of the Euro. On the flipside, we can also argue that de Guinos will be speaking in about an hour's time, so perhaps the market is just staying on the sidelines first to be cautious. The EUR/USD can...Ignored
Disliked{quote} Good point and yes I would agree that this is just a temporary bull move.. Since we had mentioned that there is the potential for a wave c down on weekly the rise towards certain levels (and the sudden end of the potential wave b) must be watched carefully.. My peak level sits around 1.1916 and can extend up to 1.1935 but that should be it.. Anyways.. for now we still keep buying dips carefully.. No rush! Stay GreenIgnored
DislikedIf we see the daily close below 1.1861, then most likely we've seen the weekly high. Lets seeIgnored
Disliked{quote} The bulls already did their part phenomenally, bouncing off this trendline 3 days ago.. now the price is sitting in the resistance zones, maybe a pullback before testing the highs again.. what I am trying to say is the bulls definitely need to be worried due to being in the rejection zones naturally.. but as far as Euro is concerned it has been ripping the USD apart from the start of the pandemic.. Now it all depends on if it can break through the highs or takes a dive to 1.150-1.140 to either break it or continue back up, and as long as...Ignored
Disliked{quote} Perhaps...or perhaps De Guinos will spark a new rally? I don't know...does anyone has a link to his speech, if any? If we close below 1.1861, what is your weekly low target? I am looking at 1.173x. Do let me know what is your take, always happy to hear from a fellow trader. Exchanging of information and viewpoints ensure we cover ourselves from as many angles as possible. Cheers.Ignored
Disliked{quote} Cool, I'm aiming for another 50 pips down but let's see. Selling EUR/USD gives (small) positive swap, so we have some holding capacity. Thanks for your sharing.Ignored