{quote} Logically support 9707 not hold, but now bull target at and just above 9768 ok. {image}
Best wishes
Focus only on what truly matters!
- #159,161
- Oct 17, 2022 5:07am Oct 17, 2022 5:07am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Best wishes
- #159,162
- Oct 17, 2022 5:18am Oct 17, 2022 5:18am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Focus only on what truly matters!
- #159,164
- Oct 17, 2022 5:47am Oct 17, 2022 5:47am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
I think pitchfork (dotted blue) is telling us the price will go down This is my view: {image}
Best wishes
Focus only on what truly matters!
- #159,167
- Oct 17, 2022 6:54am Oct 17, 2022 6:54am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Focus only on what truly matters!
- #159,168
- Oct 17, 2022 7:17am Oct 17, 2022 7:17am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
This new later is what may support the bulls further going into the US session: Empire State Manufacturing Index ? forecast -4.3 previous -1.5. Now the price is bouncing from the weekly pivot and can take out todays high but also in case we don't see a significant move up the price should stay around the pivot until then. A move to 0.9700 is not ruled out either until thenConclusion: EU will stay inside a tight range (0.9700/58) until the news make it go out and reach at higher/lower levels like, 0.9800 or 0.9677. Anything else that might...
Logically the price will move at 0.9800 at worst news about the US Manufacturing and at 0.9691 at better than forecasted news. Although anything might happen and you should be protected for any case.I hope I don't need to change the decision point until then. Good luck!
{quote} The range has been expanded some more pips to 0.9771 but the price action remains the same - ranging. Now I watch at 0.9752 decision point just before the news!
Looking for profitable short term trades ...|
- #159,169
- Oct 17, 2022 7:47am Oct 17, 2022 7:47am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Focus only on what truly matters!
- #159,172
- Oct 17, 2022 8:26am Oct 17, 2022 8:26am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,033 Posts
Patience, Emotion Control and Discipline.
- #159,173
- Oct 17, 2022 8:28am Oct 17, 2022 8:28am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #159,174
- Oct 17, 2022 9:06am Oct 17, 2022 9:06am
- Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts
{quote} I was talking about DAILY 9711 support which is still intact.. You are talking about H1 support... Totally different topic... Best wishes
Not understand?better not follow my analyses!doubt clearer first, risks ++
This week is another quiet week on USD macro events. No huge impact data release from EUR. USD weakness is likely persist into this week, after a slow start on Monday. I'll let my trades run, and do some shopping while waiting. That's the spirit.
Last week, we had IMF/World Bank meeting, of central bankers and finance ministers. Also we had G7/G20 ministers agreeing to taking action to curb excessive one-sided currency moves. Several action plans were obviously talked, will likely in full swing soon. Also, we had this USD swap line business going on lately. It was just $3.1bn two weeks ago, increasing to $6.27bn last week. Who needs so many USD and for what purposes? I think, we know....
Total swaps from Fed now valued at $6.48bn, at 3.33% over 7-day term (matured at Oct 20).
Price wise, there's currently a hurdle at 0.98 (323% Fib). It tried to get above it, at low volume trading session. Obviously, not happening currently, and need to wait until volume picks up later in the week. After that, we've 0.988888 before the partiy line to the upside. Downside wise, it's above my two support lines, the 50-SMA and the dreaded descending dot line.
Last week, we had IMF/World Bank meeting, of central bankers and finance ministers. Also we had G7/G20 ministers agreeing to taking action to curb excessive one-sided currency moves. Several action plans were obviously talked, will likely in full swing soon. Also, we had this USD swap line business going on lately. It was just $3.1bn two weeks ago, increasing to $6.27bn last week. Who needs so many USD and for what purposes? I think, we know....
Total swaps from Fed now valued at $6.48bn, at 3.33% over 7-day term (matured at Oct 20). Price wise, there's currently a hurdle at 0.98 (323% Fib). It tried to get above it, at low volume trading session. Obviously, not happening currently, and need to wait until volume picks up later in the week. After that, we've 0.988888 before the partiy line to the upside. Downside wise, it's above my two support lines, the 50-SMA and the dreaded descending dot line.
- #159,176
- Oct 17, 2022 9:13am Oct 17, 2022 9:13am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
{quote} The range has been expanded some more pips to 0.9771 but the price action remains the same - ranging. Now I watch at 0.9752 decision point just before the news!
Looking for profitable short term trades ...|
- #159,177
- Oct 17, 2022 9:30am Oct 17, 2022 9:30am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #159,179
- Oct 17, 2022 9:34am Oct 17, 2022 9:34am
+70 on 2 positions, one still running with stop at b/e. I don't know about you guys but I love Mondays
Good luck and good trading everyone.
- #159,180
- Oct 17, 2022 9:39am Oct 17, 2022 9:39am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,490 Posts
Looking for profitable short term trades ...|