EURUSD only

EU has certainly been on a wild ride, with the NFP induced drop to 1.0791 providing some tense moments for traders.

But with the pair now hovering around 1.0844, just shy of Friday's high, it looks like the bulls are trying to regain control. If EUR/USD can manage to break through that level, the next stop could be the psychologically significant 1.0900 mark.

On the other hand, if the bears take charge and push the pair down, the 1.0765 level could provide some crucial support. It will be interesting to see how things play out when the markets open on Monday, and whether the weekend headlines have any impact on the pair's direction.

As always, you will need to stay alert and flexible, ready to adapt to any unexpected twists and turns.

Weekly volatility (range) 87 pips

Significant news - US CPI, ECB Interest Rate, US PPI, US Initial Jobless Claims & University Michigan Sentiment

4 hours

Have a great rest of the weekend!

Quick DAILY Outlook

1. Overall, it was good to see that bulls could bounce from ~1.0804 area as anticipated, but to be honest I didn't expect it to happen on Friday. A little too early for my liking, but it is well.
2. I now added a potential GARTLEY pattern into the chart. Patience is key and nothing for sure yet, but if it plays out, the 1.1040/1.1140 zone could provide wonderful selling opportunities for us.
3. I also have a potential AB=CD completion point around ~1.1008 which could give us some extra selling juice along the way. No rush! We always must go step by step since market moves in zigzags.
4. So, for Monday I expect dips and I plan to buy them all because as long as ~1.0804 area acts supportive, I anticipate a bull rally towards ~1.090x area. Let's see.. Time always tells...

That's all for now... Keep enjoying your weekends ladies and gents.. Peace

Good Saturday to all around the world.

I was looking at the Monthly chart this morning to get a longer term perspective of EurUsd. On the right side you can see the Green line in the sand that appears to be breaking now. I drew parallel lines to similar instances in the past going back to 2005. As you can see from past instances, once that trendline breaks a steep fall follows.
Of course, April has not closed yet so price could reverse above it, but March did close below it. We´ll see what happens in the next few weeks.

On the positive side, the giant 20 year falling wedge continues to build. At some point in the future I would expect it to break higher and take us back to 1.40, but that could still be years away.

A good weekend to all.

Excellent analysis.
If as you suggest, we move higher from here, I will be hedging my longer term shorts right along with you.

If we do get another leg down next week, possibly triggered by CPI, and using the targeting tool that Ata likes to use, the target for the third leg down could be 1.0680

Weekly:


Daily:

4 hrs:

Analysis :
Weekly FVG rejection happened from 1.087. It is also getting rejected from a 4 hrs bearish FVG. So the bias still seems to be more downward side. Post NFP dollar first rose and then retraced, hoping for dollar to resume bull movement next week.

Any attempt to look into the past provides a fundamental analysis of an abstract level of support or resistance and does not take into account real events for today or tomorrow.
When I was a child, I tried to tell fortunes with cards. And, so what? ... H-mmm.
And now regarding specific values regarding level and support (all values from CME):

I - 1.11080 - I
I - 1.09880 - I
I - 1.08880 - I
I - 1.08680 - I You can put these values on your chart and sometimes control them.
I - 1.08330 - I
I - 1.07180 - I ........ How long I do not know but on the next week it is realy.
I - 1.07080 - I
I - 1.06300 - I



I met with Wednesday (from Adams) and asked what was happening on Wednesday and Thursday. Answer: surprise. Possibly new volume and stop loss.
Happy dance on 10.04.2024 - Wednesday at 15:30 !!!

https://static1.srcdn.com/wordpress/...ams-family.jpg

This is my view for the coming week.

Hope you all are having a good weekend. EUR/USD got below support of 1.0805 briefly. Friday’s candle formed a long wick and I believe EUR/USD will be below that wick in the week ahead.

i won't make big decisions based on this, and i'm probably wrong.
Still this is what i think is the future for this pair, and what would make sense.

ECB meets on 11th April.
The US will likely report little progress on moderating inflation with the March CPI on Wednesday and less than 24 hours later, a dovish hold by the ECB. The euro's low in Q1 was set in mid-February, the day after the US January CPI, near $1.07. A retest seems likely.

Good Evening Traders,

I don't think much would change in number tonight and until London Decide the direction tomorrow so I leave you guys with the same numbers as of Friday

I am just waiting to see the 9PM open then i will hit the bed,,,, BRB

Tonight's Support & Resistance on Trading View chart EURO Live chart here : https://www.tradingview.com/chart/akH19AXw/

9 O Clock - No Gap here - Just the spread, so it will be dull overnight I guess.

See you all in the morning
Good Night!

Actually , placed a pending sell till I wake up ,,,
Correction moved the stop to 0856

Hi All,

This is my EURUSD 8-12 Apr 2024 W15 Weekly Analysis – EU Rate / US CPI PPI

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

I normally don't watch the early Asian session, today its important. Eurusd and usdjpy traded at negative correlation last week. Today, its back to its normal positive correlation. Working theory for me is it's trading positive so usdjpy can test a b/o over 152 today and tomorrow. I'm eurusd short biased until that situation is resolved because of the usd push up.

Once resolved and Wednesdays USD news impacts/movements are done, I think we see the last leg of Ata's Daily Gartley.

EU is ranging after the opening inside 1.0791 and 1.0848 range there is some upward momentum but not strong as not all the traders are gathered yet, the calendar is not heavy most of the volatility is going to hit tomorrow and at the US CPI release at Wednesday so it should keep trading inside a range until then. Stay nimble!

Daily volatility (range) 40 pips

1 hour

Green pips!

Good morning All, Hope you all have good weekend.
Here are some pips we can gather as of now as market is ranging
In-fact 1.08100 - 1.08200 is possible

Adding to above in next 2-4 hours EURUSD should (OR WILL ) remain on downside

Update

Eu is trading between 1.0877, 1.0791, 10 and 20 ma's on the daily chart. 1.0880/90 should hold the upside for now and eu as long as this high zone stays intact without the price rising above must test the lower level of 1.0791 but 10 ma may hold.