EURUSD

JY 5' --- So far so good.....Raised SL to 160.13 fttb and plan to cash prfts at 160.50-60 IFSEEN.....

The target to touch is H1 Resistant 1.0720, H4 Resistant 1.0744, D1 Resistant 1.0916, W1 Resistant 1.0981, MN Resistant 1.1139. 1 Year Resistant 1.6037. Let's see together which one can be touched the highest after this.

watching limit 0703 , breaks and hold need , otherwise a crazy camel action may initiate even breaks ! take care
broken limit , no visible ear or camel action yet , so likely test 0687 and still care till next 0679 confirmation for bottom and may bear continuation today !

Pa now probable , waiting for bear continuation !

Very important US PCE Data in 2 hours. My view is the data potential impact is asymmetrical : (a) limited downside due to remaining high inflation and (b) stronger upside in case inflation falls.

JY 5' --- My situation : Short. SL at 160.70

No sweat................

M5 Ichimoku Support 1.0710.

The levels I'm watching for the month of July, with the two blue lines of importance.

M5 Ichimoku Support, EURUSD Bullish Back to attack the price of 1.0740

any one knows result of French election?

in extreme cases may breaks 0725/35 to even 40 test possible but watching for 0697/5/0/0679 break down before a last leg up . so checking pa as in chart . lets see , take care

EURUD price action on the daily time frame is sideways. However, the technical impulse favours bears more than bulls. Price action is at the 1.07120 area which is about 127 pips above the 38.2 fib retracement of the bearish swing that began in May 2021, which may be a technical target of further bearish drive.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

H. --- Short , as shown............

BP 5' --- Short as shown............

JY 5' --- Long here , as shown..............

E. and BP 5' --- Added to shorts , here, NOW.

Checking pa daily tf , after having bottom formation and burst for correction but there remained loop holes , fast movement/gap up, bottoming not perfect support , little early and hurriedly done.anyway once rejection bounce , pullback to bullback next option. So 0710 daily close exact to try action , in doing so daily low can be below 0705/ say 0700 round number test +-.
Take care
Done perfect 0709 testing as close daily need price likely stay whole day arrounds , up and down

Both US 10Y and 2Y Yields are falling early in the morning to 4.44% and 4.76% respectively. If this does not change during the day it's hard to see any meaningful Dollar strength today and buying the intraday dips remains a relatively reliable tactic. Eurozone CPI (preliminary) Data in one hour can have some impact which can become stronger if the CPI remains high or rises strengthening the Euro.

This is my analysis on bitcoin. It looks like it's within an appropriate channel and I see an opportunity for a buy to long. I expect price to reach 1.07763. You will see why I say EUR/USD is going to buy based on the analysis of the screenshots below.