EURUSD only

My people, let's enjoy the best day.
Wait for the price to leave this region. It's not worth hunting for trades.
See you tomorrow, bye

"Markets do what markets have to do, and we do what we have to do" - Lagarde
She a politician after all

Anyway, instead of a rates cut, ECB is acting like rates normalization, since they are raising inflation expectation up for 2025 and 2026. So, prepare for a higher rates for another super longer time.

Standing too much one side has to give in

Lolzzz

Fundamentals says up, technically says up.

moves will happen after crossaint is done speaking.

Been there, done that.

Couldn't say no to the money, I think we may try 1.09 again for a while there and maybe make a new high at 1.092. Even though EURX is kind of weak, DXY is weaker. I either want those new highs or breaking 1.086 to the downside.

European Parliamentary Elections on Sunday, y’all go short or long on Monday opening?

There is CPI and Fed Decision on Wednesday I would say the biggest catalyst is that for the next week. First rate cut is expected in September but with a low CPI, expectations may change.

I think technically it looks bearish for now and I don’t follow fundamentals.

Maybe it has to complete another one leg down to 1.0840 or 1.0802 first! The meeting was a non event. Tomorrow I really afraid we are going to see good numbers on NFP again so dollar should get stronger. 1.0916 must stay intact for this statement.

Until tomorrow: ~1.0894 area is resistance and ~1.0870 area is support... Zzzzzzzz...

Taken out as much liquidity as they can up top. Now they will target below. A ton of it down below. I believe it will be taken out in time for tomorrow. Robber bankers are sucking in more traders making them think its range bound.

Probably tomorrow, the claws of the bears will be extended to the dollar index

Hi to my all friends
I hope great all

I guess today's price peak will remain intact for the next few weeks

ECB cutted rates by 0.25% and signaled caution on future cuts. Euro holded below 1.0916 and fluctuated between 1.0902 and 1.0872 after the rate cut.

The reason was that high inflation persists and will continue restrictive policy. ECB's next steps is data dependent and is no pre committed on a rate path.

For now EU is keeping the uptrend in a cosolidation mode above 1.0860 with a view on higher prices if it manage to throw away 1.0916 resistance.

Below 1.0860 support the road lower to 1.0828/11 and finally 1.0800 should the news tomorrow (NFP) allow will open.


1 hour

Have a great rest of your day, see you tomorrow again!

I think today what ECB said still need more time to consider. But that is a long term story.
For now EUR/USD still in a narrow range bounce and not enough strength to break out yet, thanks to ECB.
Although, technically, on H1 and H4 and specially Daily, I still not see a lower low so bull can have it for now (my personal view tomorrow NFP can push the price to 1.091 because markets are expecting reason for FED to joint other Central Banks to cut rates soon on Sept, or maybe sooner on July).
I think they cannot cut rates at next week since their still one more CPI and PCE reports in waiting. But suspect that their Economics Projections could do the same like ECB today, maintain higher rates for longer. This give bears all the reason to step in and maybe break this range bounce.
Until that I will keep my powder dry and respect the range.

It's been a great day to scalp on the 1M chart. Everything else is garbage.

Midnight Special 08888 TP8

Quick Mr.Bull, go, Mr.Bear is sleeping