EURUSD experienced some significant movement after the release of EU PMI data, which came in below expectations. The pair broke through the key 1.0700 level and quickly reached a new low at 1.0671 before consolidating below 1.0700. The US news releases did not trigger any further decline, and the pair continued to fluctuate within the same range, possibly due to options hedging activity around 1.0680.
As the market's next direction is unclear at this point, a break outside of the newly established range between 1.0671 and 1.0698 could determine the subsequent targets. The 1.0720 level serves as a resistance, while 1.0668 remains a potential target on the downside.
I have to close for the day, have a great weekend ahead!
As the market's next direction is unclear at this point, a break outside of the newly established range between 1.0671 and 1.0698 could determine the subsequent targets. The 1.0720 level serves as a resistance, while 1.0668 remains a potential target on the downside.
I have to close for the day, have a great weekend ahead!
Looking for profitable short term trades ...|
{quote}Those are two more great ways to look at it indeed 
!!!...
!: Buy stop 0727 07274 07278 07284 07288 0729 0730 TP20!! P.S My friend is doing the clicking, my arm needs a break 
!!: {image}
percent and loss is common thing in forex world
- 50% chance we go down 
Ultimate area that may determine is if we reach 1.07025. Extreme support/resistance relies at 1.06913 & this helps determines a lot. It's broken out for now & now we will see what happens at 1.07025 if it gets there. Wishing you guys the best this week. My advice from lessons last week is once you win a lot & have ton's of profit that exceed your % margin of wins, maybe its good to walk away & finish the week happy. Even while on a winning streak, over trading can cause...
I will go one step more and add that its ok to take 4% or 6% percent of the table every time, looking at back history on your charts you will realize that too. Also emotions can help some times...
