I will try to buy around 1.0785 if it comes back.
- #165,582
- Jan 17, 2023 8:52am Jan 17, 2023 8:52am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
Focus only on what truly matters!
- #165,584
- Jan 17, 2023 8:59am Jan 17, 2023 8:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,453 Posts
{quote} 1h chart and daily looks promising for 0730 or even 0700 if we break below 0781.
Need to watch all these buyers unloading positions some pips higher or hitting sl!
Looking for profitable short term trades ...|
- #165,585
- Jan 17, 2023 9:00am Jan 17, 2023 9:00am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,453 Posts
Hi all Traders In 2023! In my humble opinion we are going towards zone 1.0720-30 before tomorrow's PPI data to give chance to "Big Fish" have possibility reload theirs positions. I wanna to wish all Traders only green pips in all 2023 year! BR, Marcin
Looking for profitable short term trades ...|
- #165,587
- Jan 17, 2023 9:23am Jan 17, 2023 9:23am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
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- #165,589
- Jan 17, 2023 9:28am Jan 17, 2023 9:28am
- Joined Jul 2022 | Status: Trader | 1,412 Posts | Online Now
- #165,591
- Jan 17, 2023 9:40am Jan 17, 2023 9:40am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #165,592
- Jan 17, 2023 9:43am Jan 17, 2023 9:43am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
{quote} before and After {image} {image}
Focus only on what truly matters!
Back from travel. I was late arriving home today, so I missed that Euro/German inflation trade.
There was really no surprise to celebrate, as numbers came in in line with market expectation. Now, Euro is seen dumping across the board. We saw EURUSD sheeding 70 pips or so this week alone. There's a possibility it might dip down in coming days. Several levels may act as support, but price may also dip below that. No certainty if these levels can hold.
The line/s in the sand: 1.072, 1.062, and 1.052.
On my chart, 1.072 coincides with my 61% Fib and 50-SMA on H4. Next, 1.062 is currently at 200-SMA on H4. Subsequently, 1.052 will be the level of 50% Fib. If Euro buyers step in at 1.072, then a short term rally is likely. Despite these rather bearish outlook, I'm still not shorting.
There was really no surprise to celebrate, as numbers came in in line with market expectation. Now, Euro is seen dumping across the board. We saw EURUSD sheeding 70 pips or so this week alone. There's a possibility it might dip down in coming days. Several levels may act as support, but price may also dip below that. No certainty if these levels can hold.
The line/s in the sand: 1.072, 1.062, and 1.052.
On my chart, 1.072 coincides with my 61% Fib and 50-SMA on H4. Next, 1.062 is currently at 200-SMA on H4. Subsequently, 1.052 will be the level of 50% Fib. If Euro buyers step in at 1.072, then a short term rally is likely. Despite these rather bearish outlook, I'm still not shorting.
- #165,595
- Jan 17, 2023 10:06am Jan 17, 2023 10:06am
- Joined Sep 2017 | Status: Trader | 4,493 Posts
{quote} Congrats.. Good job brother... Meanwhile, my "after" is still cooking..
IMO, it'd be lucky to anyone who could catch a price high above 1.0786. It might not reach above 1.08.
- #165,596
- Jan 17, 2023 10:12am Jan 17, 2023 10:12am
- | Commercial User | Joined Jul 2013 | 7,890 Posts
We watch the charts from every angle so you don't have to!!
- #165,599
- Jan 17, 2023 10:30am Jan 17, 2023 10:30am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
{quote} First support at work, but 1.0787 may become short term resistance.
Good luck
Focus only on what truly matters!
- #165,600
- Jan 17, 2023 10:31am Jan 17, 2023 10:31am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
{quote} I think It's HOLDING....OR will it...??
Best wishes
Focus only on what truly matters!