EURUSD only

WTF is happening ???

The bulls are trying;

.96 was about the limit of that spike candle...

Love them Central Bank actions..... Stay tune for more preceding the G-20. Euro will be volatile till then.

Well done to* the bulls, and let's see if they can pass 0.9600;

The bears have come down for a retest;

gm. ata, looks like it is over to me? what ru think?

It was the news which triggered the EURUSD spike…

Me smells a small correction to the DXY is coming.

If it's not a mean reversal it is probably not a reversal..

EU bull needs to show some muscle now

EU bulls? Really? You mean THESE bulls?


The EURO is toast and it is at the will of the USD - as of now.

There is one factor that I haven't seen mentioned on any of these boards that has the potential to move EU very rapidly - the looming USA budget deadline. This Friday night at midnight the US government needs to pass a bill to extend the USA credit for it's budget or the government shuts down. Add to the the hurricaine that is ready to hit my state as I write (I live directly in the path and I'm packing up to leave NOW).

Good luck to all and remember this is $$$ we can make it again but once we are gone...

Still inside the range below 0.9600. Next stop could be at 0.9623, but if, it fail to that then it could fall down below 0.9537 to 0.9517 at least. Weekly range is 173 pips just 2 pips above the expected.

Until now news about the strength of dollar and the energy crisis in Europe failed to keep it above 0.9600, but tomorrow we will see the German CPI numbers coming out so we may see a correction.

Nord Stream 1 and Nord Stream 2 are blown away by explosives!! Expect BIG RED NEWS just as was with Putin! Referendum got through and 4 regions are with Russia now also. No gas from Russia this winter!! Euro is going down!

Just a thought
Who did it?
Russians or someone else?
I can see a case for both sides doing it.

Some analyses on how I view the market.

Q3 is coming to a close. Funds are scrambling hard to squeeze out every penny for a profitable quarter.

On price, I carved out two areas (in white, A2, A3) on D chart. We might see A2 replays in A3. A2 was supported by the 261% Fib, at 0.995. That retracement brought us back to 100% Fib at 1.036. Now, if (I mean "if") A3 is a replica, then price should be supported by 423% Fib. Retracement could bring us back to, potentially $1.01, or the 261% Fib level.

It all depends on news flow and central banks direction. On ECB, market is expected to price in a larger hike for Oct 2022 meeting. On Fed, it's more complicated, as there are too many variables on how the dollar will move, those factors, mainly on market liquidity, will depend also on US treasuries.

On H1 chart, we saw prices spiked, attempting to break above the 50-SMA line, currently capping its upmove. Let's see if there're EUR buyers after funds close their Q3 positions.

Cheers,
Cat