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EURUSD

  • #1,222,261
  • Oct 2, 2023 1:19pm Oct 2, 2023 1:19pm
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  • #1,222,262
  • Oct 2, 2023 3:35pm Oct 2, 2023 3:35pm
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This is not what I was expecting... FLAT.

  • #1,222,263
  • Oct 2, 2023 3:43pm Oct 2, 2023 3:43pm
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  • #1,222,264
  • Oct 2, 2023 3:44pm Oct 2, 2023 3:44pm
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  • #1,222,265
  • Oct 2, 2023 4:07pm Oct 2, 2023 4:07pm
EUR/USD is now exiting it's most seasonally unfavorable period of the year.
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  • #1,222,266
  • Oct 2, 2023 7:05pm Oct 2, 2023 7:05pm
It's kinda sketchy to be long the EURUSD at the moment, zero sign of finding a bottom technically speaking. The other issue is Japan: There's a high probability of an intervention within a few days.

So I guess the wise thing to do is:
1. Wait for a bottom to be confirmed
or
2. Sell after a Japanese FX intervention.
  • #1,222,267
  • Edited 10:57pm Oct 2, 2023 9:25pm | Edited 10:57pm
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We see the price moving in the channel and it has been going on for 11 weeks.... now the price is at the bottom of the channel
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come on bulls .... now your time ...


(Bloomberg) -- The Federal Reserve is focused on achieving a good labor market for a sustained period, Chair Jerome Powell said at a roundtable event in York, Pennsylvania.
“Lots of good things happen” in addition to real wage increases when a good labor market lasts for a sustained period of time, Powell said Monday. There are expanded efforts to get more people into the workforce, for example, like programs that prepare prisoners for work a year before they are released.
“Actually it turns out that as an expansion gets longer and longer, more and more of the wage needs actually go to people at the lower end of the wage spectrum,” Powell told workers, small business owners and community leaders.
“These are really beneficial things. To have that, though, the record is also clear that we need price stability,” Powell said. “Price stability is just a critical piece of bedrock for the overall economy over the years.”
Powell joined the roundtable with Philadelphia Fed President Patrick Harker. Neither official commented on near-term outlook for rates or the economy.

mean
Inflation rate very important to control ..... then THE FED does not need USD very strong.
The Average Discount Everything
  • #1,222,268
  • Edited 3:42am Oct 3, 2023 1:00am | Edited 3:42am
same overnight breakout , next target should be 0443, nd next 0407 and not enough yet ! take care


watching bo at 0472 to follow next 0469.

good correction up so far , may test 0504!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,222,269
  • Oct 3, 2023 1:17am Oct 3, 2023 1:17am
Quoting hesron
{image} We see the price moving in the channel and it has been going on for 11 weeks.... now the price is at the bottom of the channel {image} come on bulls .... now your time ... (Bloomberg) -- The Federal Reserve is focused on achieving a good labor market for a sustained period, Chair Jerome Powell said at a roundtable event in York, Pennsylvania. “Lots of good things happen” in addition to real wage increases when a good labor market lasts for a sustained period of time, Powell said Monday. There are expanded efforts to get more people into...
even with hard work ... so far so good bulls
The Average Discount Everything
  • #1,222,270
  • Oct 3, 2023 8:22am Oct 3, 2023 8:22am
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  • #1,222,271
  • Oct 3, 2023 9:14am Oct 3, 2023 9:14am
Quoting investing101
It's kinda sketchy to be long the EURUSD at the moment, zero sign of finding a bottom technically speaking. The other issue is Japan: There's a high probability of an intervention within a few days. So I guess the wise thing to do is:
1. Wait for a bottom to be confirmed or
2. Sell after a Japanese FX intervention.

Who's your daddy?
Called it 14 hours ago
  • #1,222,272
  • Oct 3, 2023 9:23am Oct 3, 2023 9:23am
Quoting investing101
The other issue is Japan: There's a high probability of an intervention within a few days.
How did you know this might happen?
  • #1,222,273
  • Oct 3, 2023 9:27am Oct 3, 2023 9:27am
why UJ got intervention EU no have
  • #1,222,274
  • Oct 3, 2023 9:27am Oct 3, 2023 9:27am
Quoting Botan626
{quote} How did you know this might happen?
They've been warning doing so if volatility picks up and they also intervened at current price levels TWICE already in like 1 year.
IT'S already going back up, I wouldn't doubt they'll intervene again any second now.
  • #1,222,275
  • Oct 3, 2023 9:30am Oct 3, 2023 9:30am
just profit taking the move should continue its way.
Looking for profitable short term trades ...|
  • #1,222,276
  • Oct 3, 2023 9:31am Oct 3, 2023 9:31am
Quoting investing101
{quote} They've been warning doing so if volatility picks up and they also intervened at current price levels TWICE already in like 1 year. IT'S already going back up, I wouldn't doubt they'll intervene again any second now.

You have a link to the intervention? Uncle Google is only showing warnings of one. I think this was due to the Jolts Jobs Openings news.
Don't compare your trades to others. Most often the masses are the asses
  • #1,222,277
  • Oct 3, 2023 9:31am Oct 3, 2023 9:31am
Quoting Js3mwtRc
just profit taking the move should continue its way.
That wasn't profit taking
  • #1,222,278
  • Oct 3, 2023 9:41am Oct 3, 2023 9:41am
Quoting investing101
{quote} That wasn't profit taking
Then nothing to worry about the bears are winning.
Looking for profitable short term trades ...|
  • #1,222,279
  • Edited 11:54am Oct 3, 2023 11:12am | Edited 11:54am
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The Average Discount Everything
  • #1,222,280
  • Oct 3, 2023 11:27am Oct 3, 2023 11:27am
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I am bullish short term. It can reach 1.05 12-20 easily .

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