EURUSD only

EU's bearish momentum, fuelled by negative news for the Eurozone, pushed the pair beyond the initially predicted range (87 pips) resulting in a substantial decline.

Looking ahead, I anticipate further downward pressure on EUR/USD, with a potential test of the 1.0610/1.0600 support zone early next week. A break below this zone could expose the pair to further losses, with the 1.0516 low from November 2022 serving as the next key downside target.

However, there is also the possibility of a correction higher, which might encounter resistance at 1.0695 or the 1.0700/11 region. As always, the pair's movement will depend on global events, economic data, and market sentiment.

Weekly volatility (range) 101 pips

Significant news - US Retail Sales, US Housing Starts Number, US Industrial Production & US Initial Jobless Claims.

Implementing appropriate risk management techniques and staying informed on the latest market developments will be crucial for navigating the ongoing volatility in EUR/USD.

Daily

Have a great rest of the weekend!

I agree... But still I use his analysis to get a quick wave count and the overall flow... Nobody is perfect anyway eh?

Best wishes

The massive drop and more drop to come is pricing in for June ECB rate cut. Pretty much a guarantee with this drop. Any up move should be considered for selling. 1.4 is possible target.

I don't think I've ever interacted with Pedro, and didn't really follow his posts much. But I did sort of notice a bit of an uptick in his snarkiness in the few days prior to his ban. I can certainly respect his knowledge and abundant desire to share it a build a following. If it were up to me I probably wouldn't have banned him. I guess Ata needs to weigh the pros and cons of people who interact in his thread, and it's his call to get rid of someone if that person is slowly becoming taunting in their words like water torture.

At the end of the day this is just a message forum. I always get a kick out of it when someone gets booted out and they act out like toddlers afterwards. Another guy (can't remember his name now) got axed earlier in the week for referring to the rules as "bullshit", and then went on a forum wide anti-Ata tirade that was both comical and sad to watch at the same time. There's just too much ego in the trading business. Everyone wants to be a star because this is a lonely business.

I just come here to read the analysis of the people I respect and have become friendly with. Ata, andvk74, yourself and a couple of others. I'm not here to build a following, (though I am flattered by those that have followed me), I just want to make .

I hope the same for everyone.

Make more bank, less drama.

Enjoy the weekend!

I just want to make .

I hope the same for everyone.

Make more bank, less drama.

Love it --- make more Bank

War in middle east escalating will it lead to opening gaps in eur/usd probably to the downside any opinion ?

Personally i am looking for Eu to take Friday lows to get long... But it doesnt mean i will be right i just trade what i see

As one should

It could have a positive effect for the dollar. Especially if the attack causes real damage tomorrow.

now, more then ever.

Most likely margin call for me. I was long EU in low 1.7 area was hoping for a bounce but war has started so dollar is going to up temporarily. Bye bye EU for now. I was up 300 pips and didt close my trade. Greedy got me in the ass

1.0640 area looks to be support. Maybe there is a bounce here. On H4 there’s 2 doji.

ANother 50 pips drop at max but no more than that more dipping only after a pull back

I think a dip to 1.047 is possible with a long wick. before retracing to where we were on Friday.

Pretty sure euro will rise on Monday. It already dropped in anticipation of attack by Iran, and now that it seems not that serious and unlikely to escalate, i think there will be either a gap up or rally Monday.

I think the same too....and i hope germany industrial results tô be positive tô eur

Yup as long as Israel doesnt attacks again the situation is pretty calm

Hi All,

This is my EURUSD 15-19 Apr 2024 W16 Weekly Analysis – Middle East Tension!

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net

on FXBLUE the sentiment is EURUSD 92% Long - so it looks like EURUSD will drop a lot when trading starts

what do you feel ?

Has anyone seen Bullish EURUSD when the sentiment indicator is above 80 % at FXBLUE ?