EURUSD only

what a post, didn't understand a thing, but got me so intrigued thought....

Below 1.1833 bears have the upper hand.. I am still looking for a sell entry..

You didn’t enter at 11810? I went in a it earlier tp at 11795 but the darn thing bounced up. Let’s see

Nope.. still waiting..

due to chart, i think its time to be ready for short position. But it must be stable below 1.1800

Hi,
short @ 1,1819 for me...

Best
Chriss

out long position 1.182x . wait and see

Took a hit now just watching for an entry

Just sold 1.18225... Let's see..
Mental stops at least 15 pips above entry price..

My target was finally hit (without me), but I'd rather be profitable than right!

Should be a good trade. The dollar has some unfinished business to the upside...

Great entry point!

Hard SL already BE?

Depends on todays news, but as it's going, I see the price going to 17750

Don't think we'll make it, but got a short entry at 1.1753

ECB’s Weidmann: ECB Should Not Disregard Risk Of Too Fast Inflation -PEPP Should Be Scaled Back Gradually Before It Ends -Upside Risks To Inflation Outlook Predominate

The way ECB members have started to talk after the latest EU area inflation figure released yesterday, an upside pressure in building for EUR/USD Bull Case , though this weeks NFP is the key for any meaningful bull run for EU I guess

Trade safe
Happy Trading

long @ 1.1823
tight mental SL
SL BE as soon as price above 1.1833
TP ~ @ 1.186

Good Morning all,

I just saw the release of the ADP NF employment change and frankly it changes a lot.

The numbers indicate a slowing economy and suggest that the NFP in 2 days may come in weaker than expected. If that happens there are 2 possible scenario's:

1. Slowing USA Economy - this can indicate that the USA economy continues to need the FED stimulus and it will delay the tapering talk. In this case it means the free money printing presses will continue to go at full speed with the taper likely to begin in 2022. This would be risk on and EU would continue upward to the 1.21XX area.

2. Slowing USA Economy - this indicated that the consumer is tapped out and spending will curtail. This is the case where the money managers will look to park their cash when they liquidate from the stock market - or will they? Think about this - WHERE can you park cash and get something? Interest rates are too low so it drives assets higher. In this case it may spook the market and it would result in a 10% correction ( which we are due for). In this case Risk Off and EU drops to the 1.16XX area.

Either way we "should" get some volatility by Friday. Until then I'm sidelined

ADP less than expected
But better than last time.

Take care.

Wont be the first time ADP and NFP have nothing to do with each other.



Buy the dip as long as it stays above 1.1790 seems to be the best for now.

Could you please elaborate.
Why would a spending curtail, result in a correction to the downside?


Edit:
I mean: do you really believe, that the USD is still seen more as a safehaven then the EUR?

I would love to elaborate but out of respect for the thread starter I will just explain to you in a message; this way the EUR Only thread stays "pure" from fundamentals.