EURUSD only

Good morning @ all,
i will take first long positions below 0854. Trying to get a good price close to 0845 until 0831...


Best
Chriss

We should get over 0875 or a more serious drop is coming!

I'm in @ 0852...

Good morning, hope you're feeling well today. The bears are trying now, and maybe when they reach the support level we'll see the bulls come in;

here comes the drop! Let see what 0835 has to say

Second one @ 0841...

It is the bears that are doing fine now;

Bounced at 0830, let's the highs again!

All goes according plan. The trend is clearly bearish. Still holding my sell positions - they earn a good swap along the way anyway.
DXY target is for the meantime 103.5 testing the year open. There the DXY will probably have a short break. Depend on the scale of the debt ceiling raise and the T-Bill issuing after we will have the next leg up.

For the EUR the near target will be 1.075xx - 1.073xx -> this represents approx DXY 103.50.
For today... currently the price action bounced on the 10th April low 1.0831 but this support will be broken -> the Weekly trend is clear and very strong. Today we should see 1.0800-1.0780. The latter would be a 95pip move... something not unusual as a daily move during strung trending times. If not today then we might see it tomorrow.

to the end of the week we could see the 61.8% fibo retracement of 1.0733. That too would not be impossible. It would represent only a weekly move of 170 pips.

so, finger's crossed In the meantime I will have my

or else we may need 0780! Bear seems remain strong!

Waiting to buy 1.08
This is good level to take profits from shorts and scalp long.

The bears did alright today, on 5M;

Maybe we take a pause here above 0800 for later - consolidation

Monthly S1 reached and broken. We could go to monthly S2 should value remain at lower prices.

Buy EUR\USD at 1,0833.
No SL and TP.

Interesting

Democrats to Launch Discharge Petition, Aiming to Force Debt-Ceiling Vote
Bid to bypass GOP leadership in House is seen as long-shot fallback plan if talks fail..

Source

Bulls see 0875 as an obstacle for more profit bears at 0820, news are 45 min away!

FX option expiries for May 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
- EUR/USD: EUR amounts

1. 1.0795-10 751m
2. 1.0825-35 556m
3. 1.0915-20 619m

How does it help to understand the EURUSD movement?

Selling pullbacks before 1.08.
1.0840 and 1.0853 short term resistances.