EURUSD only

Into Thursday

No new development overnight on EURUSD.
I expect a good bash down of 70-80 points, so the downtrend could be over.

Just took a trade at 1.01511. Expect to enter when it drops to 1.012 and at 1.007. All longs.

Cheers,
Cat

EU failed below the wedge as expected the most and now is trying to recover below it. Decision point is at 1.0168, support at 1.0146. If, the last level fail to create a bigger bounce then, we may even see 1.0123 again, but that is far away yet!

Decision point changed to 1.0162!

This is how this small range is explained based on the DTCC options market.

1.0145-55 1.61b <<
1.0165-75 1.61b
1.0185 265m
1.0200-05 1.81b <<
1.0215-25 1.82b
1.0230-40 557m
1.0245-50 943m

We should see the price ranging inside these prices I marked until the expiry period, because these prices
have a magnetic effect when there is hedging in big amounts and after the expiry we may see the price leaving
away some of these levels towards others.


Source: https://www.fxstreet.com/news/fx-opt...t-202208180649

1.0162 worked for the bulls. Now 1.0146 is a stronger support level, but we have to see 1.0194 break and the price staying above it, so more bulls can come to the market and push the price above yesterdays high.

Meanwhile, on M30...

For me, nothing has changed... Same resistance area, same tactic as yesterday...

Hahaha... you are in the wrong thread. Lol...

EU must rise

Based on H1, I am marking 1.0177 as nearest resistance...

I'm praying it doesn't hit that resistance

droped from there, lets see if, it can give 1.0146 at least!

1.0162 again, if, it hold then we may see 1.0179. A drop below and the case worsens for the bulls.

Price should hit 1.0236. I have been seeing this number since yesterday. I think from there we might get fresh impetus to dump. I am long and my TP is 1.0236.

They finally did it but the move does not look sustainable yet. 1.0159 is the new support now.

Entered short, the main thing: in moments of crisis, the dollar is usually a "safe haven" in relation to other currencies, plus the impending energy crisis in Europe (their balance of exports and imports has already become sharply negative), plus a huge difference in discount rates for the euro and the dollar, plus the ECB cannot "pick up and raise", given the very impending crisis. that is, in my opinion, as long as the current situation continues, there are no prospects for the strengthening of the euro against the dollar, unless there are some fundamental changes in the balance of the two economies. for example, if the United States gets involved in a real war with China, they may get sick, but then there will also be no sugar in Europe, most likely. or, let's say, if inflation continues to grow, despite the increase in the discount rate - also an option, if they continue to actively print money, but they are already slowed down from the inside, and the last "environmental package" is proof of this - they originally planned 2 trillion, but they "slaughtered" their own "4 times. In April, at the level of 1.08, I generally played with a gap of 3% and considered it safe, based on the previous volatility, but already in May-June, the volatility was at the level of 4.3%, in June-July - also 4.3%, and I think that below parity, interest could well double. now I have another target - 0.98, but I also understand that it may well fly to 0.96 before the next pullback, so for now I have FOMO.

I am with you sir!

Inverted H&S on M15; bulls should be in charge, TP1 at 1.0210
SL 1.0165