EURUSD only

We have 2 strong supply zones plus price pierced the fork's median line and came back down and also on the minor fork's median line. We're seeing the creation of a hagopian line meaning we're most likely gonna melt. Put on your seat belts boyz!

instead 0760 , just over 0743 be enough as correction and now waiting signal 0727 , care level / breakout at 0700 ,confirmation 0696 test and breaks for target 0688 or 0661. . present H4 candle done enough correction it seems . take care

Jeeez.... market has heard you.. I didn't expect a revisit to 1.07 today to be honest..

Waiting for a drop to at least 1.068 here, possibly all the way down to 1.065.

Close everythings... it's friday late...

Hello guys. Just sharing my point of view. Based on weekly price area 1.08 is solid resistance.

So far it looks like the bearish scenario. Similar to one on picture.

Checking weekend prices! Not any bear signal yet. So Bull automatically range top very intact, so ending undecided. Can again bull further up if wants next week , Atleast market open days, next week can be bearish or more ranging! Take care all.

it may up or down , percentage depend on market , happy weekend

where can i find numbers like this to label my chart this has been an issue for

Bingo

Bull trend still, maybe another 70 - 80 pips more

Eu sell.

Tp = 1.050xx
--------------------
my eyes : Tp = 1.036 & 1.030

My motto for Monday: Don't rush in selling!

Wait until bulls are completely done, because I believe bulls will scratch and tickle 1.0806 area before they ever give up. (...and of course robber banks will always do their best to keep our minds confused until bears really kick in!)

The levels I think bulls are likely to revisit are: 1.0755 OR 1.0777 OR 1.0803... any of these could be touched inside Monday or Tuesday, so beware!

That's my thoughts for now, keep enjoying your weekends

1.07749 >>>>>>>down >>>>>>>>>>> 1.050xx >>>>>>>>> 1.036xx..............1.02970

Total : Sell now.

Actually, I am not too much into graph analysis, but I have reviewed 3 failed highs (Triple Top Failure) of E/U during last week: 1.0762+, 1.0747, 1.0739, so I totally agree with Kimmymore graphic analysis that E/U could be in downtrend next week (In Sha Allah).

Last week, I did take some positions, little early, for medium term for my some micro lots @ 1.0662 for short positions until next Friday at least. Having said that E/U is still in downtrend with lots of issues within Euro Zone. Actually I am a come back user this year, since 2017 from 2007. I recently came back on March 1st, 2022. What I have observed and evaluated all highs of E/U especially in the month of April/May was very limited and downside (low) was very thorough until 1.0349 because of Euro Zone issues. I think that is one of my main reason to comeback and do some trade for try to long $ and short Euro but market or Forex software is a Psychologist. They know exactly all about standalone traders on Forex. They know traders all want to short Euro and long $ and that is why time to time limited highs is happening sometime for a day or two or sometime for the whole week. One other thing I realized and believe in that for some reason in US session, E/U is directly proportional to Dow Jones Industrial Average. For example, if Dow increases whole day, E/U increases whole day with scalping or limited highs aspects which also happened exactly in last week as Dow almost heavy in positive through out the week and E/U had down only until 1.0643 and its' all three highs happened in the same week from last week close @ 1.0560 until 1.0762, around 200 pips+.

I just wanted to share you guys my bio data for my thorough analysis of E/U and based on my experience of 15 years with the gap of 5 years in Forex industry (part time).

What's up? Earlier I spoke about EU targeting the top of the weekly imbalance, and I see the entire zone has been filled as expected - right to the pip.

I now have my eye on the monthly imbalance, the top of which is 0806. I am currently long on this from 0732 or so, holding over the weekend. The end of the month is next week so I expect this 0806 target to be hit. Then I'll start shorting heavily.

I coming back with a very strong analysis guys. Check-in with my youtube soon.

Maybe I am not unerstandabled enough:
1)SL=1.06900
2)Fibo 1.61=target=at price 1.08000 to 1.08250
Thanks,Alex

Yes Ata, for me I am careful to go too quickly short too. The EUR is holding in my eyes brave and no one should see the small pause as weakness. Things have changed a bit… quite drastically.

Two weeks ago everyone feared a 0.75% hike by the FED - and now they are suddenly talking about “maybe” pausing in September… or taking only a 0.25% nip from the mug. In opposition the ECB sounds quite determined to go for 0.5% out of the gate after a “century in hibernation”.
That does not look like a solid ground for USD gains because the yield gap between EUR and USD, that was big a few weeks ago, stopped widening and is getting a little closer again. Under this circumstances there is no drop of the EUR to expect. The bounce in equities is supporting this too. From this perspective we could relative fast see the 1.10/1.11 zone. I expect within the next 4 weeks.

Then we will have to expect a reversal. US economic conditions worsening fast, faster than expected by many and the FED could find themselves trapped. They will sure hike 0.5% in 2 weeks and end of July but the July hike could rattle the market considerably because if Q2 earnings come in bad (and they start rolling in starting mid July) that could send the equity market crashing -> so along the shrinking the Fed’s balance sheet that should give a strong USD again.

Technically I expect for the remaining 2 days of the month a potential move up to 1.0820 +-, the trend line that connects the 2016 low and the 2020 low.

For the new month I see clear potential to 1.1050 +- and... if during the summer the US economy goes into a nosedive and Powell pulls the handbrake (aka gives a comment that he will surely pause in September) then I see 1.1380 +-

Daily S/R Levels for Monday

1. I expect bullish spikes, but I don't know where exactly these attacks could stop. The closest area I can think of is the tight zone between 1.0792 and 1.0805... As I mentioned on Friday, a touch to 1.0806 is a no no to me and also a violation for my technical "wave 4" view!
2. For bears, my nearest intraday support sits around 1.0683/93,
3. Overall: bears should first wait to see if bulls are really done. No need to rush!

I hope it helps