EURUSD only

Damn busted at be.... but I immediately re-entered short this time at 1.0672....

So interesting these fluctuatings...

I'm still long, the bulls has this.

Closed with +9 pips... Can't decide... M15 switched back to bullish

*sorry but price is faster than my posting speed... doesn't wanna stand still like fu*king earthworms...

**One thing for sure: don't sell now! Too late for that... bulls are currently overpowering bears on M15...

Next I might try to buy as low as it gets to 1.0652... Don't rush!

I Bought @ 1.06271, closed @ 1.06657, usually I don't trade during FOMC, but the opportunity was great.

pump to 1.076

I missed buying for this one... have to wait.... Zzzzzzz

1.0666 is in my radars...

Closed yesterday's 1.052 entry trade for 165pips.

Guy

You guys need to lose your job to make Powell happy

Just went long at 1.0665.... Stop: 20 pips... TP: open...

Moved stop to breakeven... zero risk...

Closing order here at 1.0681 with +16 pips and now calling it a day folks.. Not a bad day after all..

Trade safe and happy Asian sessions...Cheers

Good morning, hope everyone is ticking along nicely. So, crunch time... do we make it to 1.0800, or will the 2020 Corona low slump hold us down. We shall see

butter.fly g.night

new top but not any happy with , no new bull yet , , to compete the new top , hold or not having limit down 0620 and 0586 . may do around 0634 or 0606 or above 0594. anyway disaster or long target areas not far away, just few weeks time probably next .if too hurry or maturing fast then go direct or may adopt slower pathways , more down and up before targets. lets see. take care

Donot rush to sell in a bull market. we must take the previous low at 1.0619 on 1 hr chart.If that happens there will be short term trend reversal a.k.a correction.

I'll trade this pair with a bit more caution approching holiday season.

Now, market is still digesting yesterday's Powell speech. Into ECB today, I'll expect some moderate volatility, not really from Lagarde, but which direction market intends to bring this EURUSD to. Currently, it's trading a tight range between 1.063 and 1.069, still deciding its direction.

I can't help but to notice some strikingly similar resemblance to earlier trend, on the weekly price chart (marked BD1, BD2). Price may attempt above the 50-SMA, but will likely be short-lived, before getting rejecting by the 61% Fib at 1.077. I carved out two areas, marked A and B, where price could potentially trade during the low volume year-end season. There remains a possibility that EURUSD may attempt (no guarantee) another test dip to parity, before rising back up before Q2 of 2023.

Will price attempt another move like the one between 2015 and 2017? My view is, likely not. Technical wise, it is possible, however, market fundamentals don't support another long-term accumulation phase. Back during 2015-17, Euro was still in the shadow of that Greek debt (repo) crisis, needing QE. Today, Euro interest rate was climbing over 2%, and tightening was (almost) in full swing. Let's see what Lagarde has in store for us, before deciding what we will do next.

This down move at the Asian session may have ended around here, EU is up until 1.0621 break. The volatility I expect for today is 51 pips + because of the ECB later. Good luck!

Main support comes at 1.0635-25.
If this level survives most likely we are going for another leg up possibly challenging the highs.
At this point I am managing positions, closing the lower ones and moving the stops on the higher ones. Technical picture has changed a bit, I see 1.0750 as main resistance. As I said yesterday I expected fast and furious move down, didn't get it and that makes me think that upside might not be finished. Despite that I see still signs of reversal.

He said bull market