New Cable Thread & Other Pairs

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!

Great plan for Gold from you Pedro. Very well apreciate!
And still going down.

2250-30 will see the light of the day at some point.
You are welcome!

Nice to see you too mate! I'm unfortunately just popping in and out quickly, summertime style

Big cheers to all !!!

Buy stops 06945 06946 06947 06948 06949 0695 06951 06952 06953 06954 06955 06956 06957 06958 06959 06960 06961 06962 06963 06964 06965 06966 06967 06968 06969 0697 06974 06978 06982 06985 06991 06995 06998 07002 07005 07009 07013 07018 07022 07027 07032 07038 07044 0705 07061 07067 07074 0708 07091 07093 07096 07099 07102 07105 07109 07114 07118 07122 07125 07141 07145 07148 07152 07155 07159 07163 07164 07168 07172 07175 07181 07185 07195 0721
TP55 for all!

EUR/USD closed the week on a negative note, although it managed to hold above the June 14th low of 1.0668. Friday's candle closed below the key 1.0700 level, reflecting the market's disappointment over the EU PMI data that failed to improve growth sentiment.

A move below the range might target the 1.0650/43 zone for a potential bullish test. On the other hand, if EURUSD manages to bounce above the range high, it could encounter resistance at 1.0732 or even higher at 1.0765.

Several additional levels on the daily chart below may come into play as the new week begins, and we can discuss those in more detail as the price action unfolds.

Weekly volatility (range) 102 pips

Option expiries for Monday: 1.0710 (EU741.6m), 1.0700 (EU682m) Source: financialjuice.com

Significant news - US New Home Sales, US Initial Jobless Claims, US Durable Goods, US PCE, US Consumer Spending & University Michigan Sentiment

Daily

when i look left GU h4 the first support [email protected].

1.2573 is middle of a FVG , I expect a bounce in that region.
On D1 still need to get passed 1.2628 to 1.2612 I expect we will but it might be slow going

DXY

GU W1

EUR/USD is looking to rise above 1.0698 towards 1.0720 or even 1.0749 but a failure to reach one of these resistance levels above will make it test lows at 1.0671/68 or lower to 1.0650/43. Not much news on the calendar, France or other news should be treated carefully.

Daily volatility (range) 47 pips

Option expiries for Monday: 1.0710 (EU741.6m), 1.0700 (EU682m) Source: financialjuice.com

1 hour

Have a great week ahead!

Gold
D1 bearish engulfing + 2 harmonic swings
Invalidation point at 2370.

We are aiming at 2250-30 for now.

EU
First resistance 1.0705-10

cable D1.. according Fib speed resistance fan is heading @1.2525. for me pending shorts @1.2666/88

EU
Next up 1.0726

Prossimo?

35/40, If the Bulls give them a break too, So 1.0765/80...