EURUSD

I think $JY topped out at 110.75 [ max. 110.80...]

and E. bottomed at 1. 17 01 . I traded accordingly.

usd strength is coming

100%, these charts look (technically) very similar to Gold before it broke out yesterday...

$JY 5' I only see a wedge ending very soon. . . .

DEMO acc. from now on

during covid govt worldwide printed money to boost market

that bubble is overdue to explode like 2008

bit of a non-starter then.
I'm not seeing any reason to go long though.
There's been more than enough bull trap from the end of the week I can only assume further drop.

EURUSD's worst week in terms of volatility, I believe it will fix by the end of the Month which is this Thursday! So, I am getting ready for a huge move, but! EU has showed lack of direction near its lows and recent history tells me that it will reverse to correct at least for a week, but I don't say that it will not fall, or that you can not sell this week, just some caution with shorts until the down-trend is clearer, below 1.1665.

Big banks will be away (quiet) so, only red events could move this "slow cooking" market, or anything unexpected like, Evergrande could hit, mess, or make out our trading better. Nothing new yet.

This is my previous week's Daily chart, with some notes, as you see only a drop just to correct inside its range again, but the trend is still down.

The EURUSD market is under bearish pressure. Price action on the daily time frame is bearish. However, it is experiencing some bullish resistance as it tackles the 1.16400 horizontal support (green), which has held as support since September 28, 2020. As the area is just about 70 pips from present location of price action, we may see a sideways of price action or bullish pushback in the earlier part of the week. Technically, the bearish mode is not sustainable unless the 1.16400 horizontal support area (green), is significantly broken down on a daily closing basis. Furthermore, price action is operating in a falling wedge (blue). A bullish pullback of price action may retest the wedge resistance trendline or the previous 1.18000/1.18500 horizontal support area (magenta) turned resistance. A significant bearish turnaround after a northward corrective mode, would target the wedge support trendline and, in the longer term, may threaten the 1.14300 area (purple), which is a significant horizontal support on the weekly time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

bullish eu mid term im thinking

Something to help the newbies and novice traders. Check it out. I won't let you down.

If we do get break above the current horizontal line which is resistance will add longs targeting 1745.

There is an inverted head and shoulder pattern on the 30 min charts right now. Buy 1.17181 TP 1.17433 SL 1.1700

Taking short at 1.172x tp open.

Good day. EU is ranging inside these price (image). I prefer to sell below 1755 towards the lows.

Out the short position wait to enter long!

I am no bull , nor bear . . . . BUT I ll be buying at 1.17 25+ ON STOP

nothing left to do when trading weekly chart

Man, hi. I think there is a solution to this problem . . . .

Just throw in the junk box the weekly charts. . . . .@@@ !!!

Short-only on EUR/USD at the mo