EURUSD only

For now in the near current future keep an eye on 1.07392 for support. It broke & came back up above. The next support will be 1.07318

Two Bull targets are 1.07618 & then 1.07948

Bear Target back down to 1.07225 then 1.06698

If Bulls can hold 1.07392 currently that would be a good sign of a continued upward retracement. I am still unsure of what move to make, but wanted to share some key points.

Next Resistance coming up 1.07445. I am leaning that it will break, & continue to go up just incase tomorrow it falls like death to the 1.06's. NO moves yet for me - boring day just watching to try & get a read on it. I could be wrong, but thats why I have made no moves. It's been moving so slow after 1PM EST

It looks like the last leg of expanding flat has been finished if this is the case then we might be heading toward a new higher high which will end beyond previous strong resistance which was around at 1.0900.

EUR/USD consolidated after it rise to 1.0750 but dropped to 1.0733 where it found support. More rise will find resistance at 1.0756 and 1.0773. Below support EU might retest 1.0720 yesterdays low. Low volatility and choppy price action should persist until the US CPI release later. Have a great day ahead!

Daily volatility (range) 45 pips

Option expiries for Wednesday: 1.0800 (EU1.53b), 1.0810 (EU710m) Source: financialjuice.com

Significant news - US CPI & FOMC

15min

Head & Shoulders Inverted Possibility M5, M15, M30 pattern. Broke Support 1.07392 & fell under trendline, but can turn around soon, or continue down to test 1.072? Next support marked on Image 1.07346 & 1.07318.

Minor support 1.07360

Let's see if trendline holds or breaks Keep an eye on 1.07410 next few minutes.

Based on monthly, today while waiting for FED data, all I care is: are we going to 1.0964 or 1.0652? Time will tell...

H1: TL's Levels, & Look MACD Hidden Divergence!
Good Luck!

M15: Support at 1.0734/32!
Let's see...

Yep and I had a sell signal with the candle setup from the previous Friday to Tuesday with my system. If the same signal was on an hourly chart down I would have been in the trade, generally I don't trade daily charts and use for directional purposes for ST trades.

The Money isn't blind trading waiting for news, they are in market research and follow their own expectations. They don't hit sell and that's their trade for the week they build on positions and hence order flow is established. I jump on their curt tails and follow as best I can.

But you are right to an extent, even they don't know fully and often they have to retreat which really screws up a chart heh.

With today I am looking at where Money is placing their money. With Monday and Tuesday's candles the results of today's candle is dire (on my system). There will likely be hard whpsaw on the chart with the news and the money may get it wrong but it's about throwing the odds in your favour beyond 50%.

Oops sorry about essay but hope it helps,
Matt

Looks like a short incoming TP c.1.07400

Technicals are looking good to fill up the gap let's just hope the news doesn't f**k it up

i'm short a little

Even if h4 close I no dey see anything here,noting dey here

I see nothing real happening after this current h4 close many stops below

Hammer and Inverted hammer, Both together on H1, Go bulls go...

Typical FOMC wk jump took out my SL. Thankfully I moved it to my target 2:1 and was letting the trade run before being stopped out.

*Ignore the trade prior, had my mouse over the X next to my trade and decided to click it. Even morons have off days ....

Reasons for a long entry are a lot more than selling so I am bullish on it and I hope this time it breaks the resistance 1.09

Yes, but we are dealing with dangerous bears They appear suddenly So be careful!

I believe that closing the gap is far and that we should focus on selling yet! Just look all the lower highs at your graph! Only news can get us so far and again it might turn down again before 1.0800 at lets say 1.0788.