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Market seems to be moving sideway , mind you, as long as Dxy stays above 105.00., I remain bearish on EurUsd . I expect a bounce( relief rally) around 1.0635 area.
With patience and discipline,you move beyond the sky
Quick DAILY Outlook

1.0656/66 area is key support for today.. BUT for a significant rise bulls must break above 1.0712.. Time will tell if they can or not..

*Bears have to break below 1.0656 area for continuation.
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Be a seer, not a looker!
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Quoting Js3mwtRc
EU bounced above 1.0687 yesterday and reached very near 1.0700, I expect some more upside towards 1.0710. Support comes at 1.0655/45 zone. Daily volatility (range) - 47 pips Significant news - US Housing Starts Number 1 hour {image} Green pips
Let's cut the jokes and talk about money now! EU reached its target but it's still bullish and may continue to 1.0750 if it doesn't close and drop below 1.0675. A drop will target 1.0650 or lower.
Looking for profitable short term trades ...|
The bulls managed, and made it to the resistance level. I hope the bears might show up today, on 5M, but overall the bulls did well today;
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long time no see folks

i am quite bullish on eurusd and such i am long the eurusd
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Quoting broketrader
Closed my shorts and entered new long trade #3 at 1.0698 The momentum is clearly on the side of the bulls right now, so I'm just going with them. The picture is not 100% clear to me and there is still the possibility of a new low but I take the risk. {image}
On the 5m, the consolidation phase between 675 and 698 seems now cleared to the upside and there are signs of continuation.

Next couple of 4h candles are important to confirm that momentum is on the upside, I would like to have current one closing near 720 and next one near 750 (SMA100) before some retracement before FOMC.

Still I keep in mind that this rise has, for now, some similarities with what we saw last week.
Simplicity is the Ultimate Sophistication.
Quoting Js3mwtRc
{quote} Let's cut the jokes and talk about money now! EU reached its target but it's still bullish and may continue to 1.0750 if it doesn't close and drop below 1.0675. A drop will target 1.0650 or lower.
Now it's going to get harder for the bull. 1.0699 should give an up-close for the day and keep the price above or a failure could lead it to 1.0630 again.
Looking for profitable short term trades ...|
Based on H1, my nearest support sits now at 1.0684....
Be a seer, not a looker!
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I just came online since today so right looking on what to do
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Quoting Js3mwtRc
{quote} Now it's going to get harder for the bull. 1.0699 should give an up-close for the day and keep the price above or a failure could lead it to 1.0630 again.
Bears could test 0670 after the drop
Looking for profitable short term trades ...|
I will be like you one day broda just dey enjoy life dey go
waiting for a more perfect
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sign to go long
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We stay short, the bulls are not yet dead.
When you see it, BET big.
Seems like for the past hour and a half we are in a sort of a holding pattern.
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1.0665 should get tested soon.
Fibonacci will make you rich
Quoting Js3mwtRc
{quote} Bears could test 0670 after the drop
looks like for now bears are trying harder than bulls...
Quoting D7S
{quote} looks like for now bears are trying harder then bulls...
Yes and if they keep it that way then we can meet 0630 again tomorrow on FOMC.

Just looking at this chart - daily the bears will have another one chance to bring price down at the close of the candle below 10 daily ma at 1.0703 and monthly pivot at 1.0720
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Looking for profitable short term trades ...|
Meanwhile, on H1...

Yawn! Waiting for bull progress... probably tomorrow..
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Be a seer, not a looker!
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Lazy day today. The action begins in a little over 24 hours from now.
My lovely bears are getting ready for tomorrow's drop.
Target for the week is 1.05782
Risk comes from not knowing what to do
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