EURUSD

EUR/USD is currently attempting to break below 1.0200 after yesterday's move took out 1.0400 and 1.0300 with relative ease. Rising concerns on the state of the EU's economy has seen losses accelerate recently, but the pair has been trending lower since May 2021. With FOMC Minutes and key US economic data still to come this week, breaking these key psychological support levels may result in the pair hitting parity sooner-rather-than later if the greenback receives another boost.

Of course, all trading carries risk, and any signals over the coming days that indicate we may have seen peak hawkishness from the Fed could help EUR/USD bounce as it enters oversold territory on the RSI.

Either way, should be interesting to watch how this develops.

It's not the only one. I can sense a lot of depression in the world just now (I'm sure it's not just me that's ill)

EUR/USD has plenty space left in his diaper for more poo.

train reached 1.018, the next stop is at 1.0

new update tf h4

Up or down, madam? Das ist der Kweschan.

Things are not looking good for eurousd. Hit 1.0166

JY 5' - Did some buying here. . . .

1.01743 done

I only make forecasting by looking at market psychology as seen on the chart ... not predictions or personal subjectivity ... sorry if my forecasting is not acceptable

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Don't fight the trend because the market doesn't belong to us... Trends belong to the market maker

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analize with span time ichimoku ++

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What will happen tonight when the FOMC meeting minutes are released?

Oi! Uber Scheiss im das Lederhosen!

Can't guess here. If, it continues down then it can reach 1.0100 today, but probably we will see choppy price action.

NFP this Friday is where the bets are, because of strong employment in US. If, we see a good print then the bearish trend will continue to the next week.

Most likely a non event. It won't be anything new that we don't know. I doubt highly that it's going to be enough catalyst to turn anything.

All antipodeans and yen crosses are poised to the downside. The anticipation of the minutes seems the only thing pausing the move down.

Scary is that over two thirds of eurusd are longs still.

be ready to buy

Bears will survive while bulls make volatility ... time for bulls to develop volatility

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market will be sideways, until NFP coming on friday .... but in tf monthly, no more sideways market because the down trend formation structure is complete in phase E (trending market)... unless bulls can make a reversal

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Risk appetite might be changing. Liquidity is starting to come back in on a lot of pairs.

use abonacci to draw sideways market



The basic big theory in market analysis is only 5 :
1. Dow Theory
2. Elliott Wave
3. W.D Gann
4. Wyckoff
5. M W pattern Arthur Merril
we will find it difficult to understand the ways of trading thousands of kinds (many are strange), without being able to understand the basic theory of the market.

EU is looking up, I will not surprised if it fails again today