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  • #142,621
  • Nov 24, 2021 3:17am Nov 24, 2021 3:17am
Quoting Traderview
{image}
This is on 4hrs. Before and Now
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  • #142,622
  • Nov 24, 2021 3:32am Nov 24, 2021 3:32am
This is on DXY. 96.85 - 97.05 is the area waiting to give good resistance for Dollar bulls for some time. This will reflect on EURUSD 1.1221 - 1.1185 - 1.1170 zone. When the price moves below 1.12, imo, the resistance is set @ 1.1265. Buy as low as you can. Don't be in early.

I'm expecting a mixed US data. So likely scenario would be a move down first and then gradual up move towards 1.1265.

Lest see it guys, how it's going to unfold.
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  • #142,623
  • Edited 3:44am Nov 24, 2021 3:32am | Edited 3:44am
Quoting pipibrasci
{quote} Today's current low 1.12260 as against short term target of 1.1220 - 1.1200. {image}
Target 1.1220 hit!

Sentiments taking over from fundamentals?
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,624
  • Nov 24, 2021 3:41am Nov 24, 2021 3:41am
Quoting pipibrasci
{quote} Target 1.1220 hit!
Nicely done - Personally staying in short until 1.1205
...because you never know - until you do!
  • #142,625
  • Nov 24, 2021 3:51am Nov 24, 2021 3:51am
My HTF view
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  • #142,626
  • Nov 24, 2021 3:54am Nov 24, 2021 3:54am
Based on weekly price is testing 1.1205 support... I don't feel like that this level will break today... A bounce up might be cooking inside these minutes! Trade safe
Focus only on what truly matters!
  • #142,627
  • Nov 24, 2021 3:54am Nov 24, 2021 3:54am
Quoting pipibrasci
{quote} Target 1.1220 hit! Sentiments taking over from fundamentals?

Quoting pipibrasci
{quote} Today's current low 1.12260 as against short term target of 1.1220 - 1.1200. {image}

Target 1.1220 hit!

Sentiments taking over from fundamentals?


SO FAST???
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,628
  • Nov 24, 2021 4:01am Nov 24, 2021 4:01am
Quoting pipibrasci
A long wick on this week's candle very "likely" just to reach the promise land. Just 77 pips away. Guys fasten your seatbelts and get ready. H4 candle chart; candle patterns repeating itself going down. Waiting on candle closure. All the best longs if it does go your way. {image} {image}
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,629
  • Nov 24, 2021 4:03am Nov 24, 2021 4:03am
Quoting fxsport
{quote} Nicely done - Personally staying in short until 1.1205
Attached Image
Done!
...because you never know - until you do!
  • #142,630
  • Nov 24, 2021 4:08am Nov 24, 2021 4:08am
Nothing changing today as well. I am waiting to see if we get a washout sell wave through 1.12. I got a buy order at 1.1175 with a 50 pip stoploss. This thing is getting way oversold on the longer term timeframes so a nice bounce is overdue. But only a bounce to be shorted. Bulls need to take this over 1.16 area to turn the tide of selling.
  • #142,631
  • Nov 24, 2021 4:26am Nov 24, 2021 4:26am
Quoting andvk74
My HTF view {image}
This would happen when DXY touching 100 - 102 area. But 96.85 - 97. 85 is the strong resistance zone. Breaking this zone would be end of EURO above 1.13.
  • #142,632
  • Nov 24, 2021 4:32am Nov 24, 2021 4:32am
Quoting pipibrasci
{quote} Quoting pipibrasci {quote} Today's current low 1.12260 as against short term target of 1.1220 - 1.1200. {image} Target 1.1220 hit! Sentiments taking over from fundamentals? SO FAST??? {image}
Yes, the trend seems to have been accelerating thus far (I haven't done any measurement, but it just feels so), and I am starting to suspect we might be ahead of testing the low of the decade, possibly even extended to the downside, to 1.0. The least to say is it isn't impossible.
  • #142,633
  • Nov 24, 2021 4:39am Nov 24, 2021 4:39am
Quoting yvestrcz
{quote} Yes, the trend seems to have been accelerating thus far (I haven't done any measurement, but it just feels so), and I am starting to suspect we might be ahead of testing the low of the decade, possibly even extended to the downside, to 1.0. The least to say is it isn't impossible.
Looking at the monthly graph, whenever the massive downtrend got going, and it really got this vigour, it had always dropped a big, big time. It is not to say it must happen this time as well. But history repeats quite often, that is what we all know.
  • #142,634
  • Nov 24, 2021 4:39am Nov 24, 2021 4:39am
Quoting yvestrcz
{quote} Yes, the trend seems to have been accelerating thus far (I haven't done any measurement, but it just feels so), and I am starting to suspect we might be ahead of testing the low of the decade, possibly even extended to the downside, to 1.0. The least to say is it isn't impossible.
Scary thought when we are staring at parity with the dollar on the EUR. For that to happen, Powell needs to hike rates early next year and finish tapering like in the next few months. This would however tank all risk assets and prick the everything bubble. Doing that just before the mid term elections has to be a long shot. Just think about it, US in a recession late next year would mean that the Democrats will loose badly and Biden will become a lame duck president.

Maybe Covid comes to the rescue of Powell and he can hide behind a resurgence of Covid cases in the US. Doubt that the US will escape what is happening in Europe now on that front.
  • #142,635
  • Nov 24, 2021 4:40am Nov 24, 2021 4:40am
Quoting pipibrasci
{quote} {image}{image}
Picture (Market structure/Price Action) speaks louder than words. H4 Scalping TF.

D1 - "Inside bar breakout" pattern though candle not closed yet.

New Low - 1.12032
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,636
  • Nov 24, 2021 4:53am Nov 24, 2021 4:53am
Quoting Endoephemera
I still believe we have to do 100 PiPs upside but I'm not trusting any up that doesn't first shake out weak longs by retesting the lows a few PiPs lower than it has already done today. 10:33 ST There's widespread expectation for the up. It needs to go lower. 11:07 This thing is like a loaded spring... at some point it will turn north. 12:13 This is further down than expected and not the way I expected for a quick powerful up move... 12:38 At this point it's more likely to continue down. I'll go short if they give me a good entry. 1.1225?
You are right, this thing looks like a loaded spring on the longer term time frames. Market can however stay irrational for longer than you would expect. I would think that with all the speculation on rate hikes going on right now and the EU sticking with the transitory narrative, the EUR will stay depressed.
CPI numbers in the US and then the Fed meeting will give us clarity on that front. If the Fed will not be as hawkish as the market expects at that meeting and move forward tapering, then I would expect the EUR to finally rally. But this is just over two weeks out.
  • #142,637
  • Nov 24, 2021 4:57am Nov 24, 2021 4:57am
Quoting fafnir
{quote} Scary thought when we are staring at parity with the dollar on the EUR. For that to happen, Powell needs to hike rates early next year and finish tapering like in the next few months. This would however tank all risk assets and prick the everything bubble. Doing that just before the mid term elections has to be a long shot. Just think about it, US in a recession late next year would mean that the Democrats will loose badly and Biden will become a lame duck president. Maybe Covid comes to the rescue of Powell and he can hide behind a resurgence...
I respectfully disagree. Right now the EUR/USD is sinking because EUR is weak due to Covid lockdowns as well as slowdown in Eurozone.

As EUR continues to fall then the rush to USD will begin without one rate hike. This fall is not USD driven but EUR driven/weakness

Covid in the USA will not rescue Biden like it killed Trump. Covid-19 is over in the USA. PERIOD! With a 65%+ vaccine rate and a prior recovery rate of over 30% there are very few left to succumb. The USA will NOT lockdown ever again and if the Biden Administration tried to impose a lockdown it would make the protest of January 6 look like a birthday party.
...because you never know - until you do!
  • #142,638
  • Nov 24, 2021 5:11am Nov 24, 2021 5:11am
I think my love for EU needs to end now those idiots at ECB will not stop until it goes parity with dollar or lower..

ECB's Panetta:

  1. Premature tightening of monetary policy might transform the supply shock into a long-term recession.
  2. An unjustified, sudden cut in purchases would be similar to a policy tightening.

ECB's Holzmann says that inflation expectations have recently increased but does not know by how much


Fabio Panetta: "Bad inflation, acting as a “tax” on demand, [...] might require an easing of monetary policy."... reallyy???? what the hell they are smoking

Trade Safe
Happy Trading

Trades technical moves enforced by fundamentals
  • #142,639
  • Nov 24, 2021 5:17am Nov 24, 2021 5:17am
If 1.1205 continues to support, I expect a pullback to 1.1250 inside NY session..
Focus only on what truly matters!
  • #142,640
  • Nov 24, 2021 5:38am Nov 24, 2021 5:38am
Quoting Ata-Turkoglu
If 1.1205 continues to support, I expect a pullback to 1.1250 inside NY session..
How about up to 1.12750 or 1.12950ish
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where large sellers stops are before dropping again?
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