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  • #199,861
  • Jul 9, 2024 1:06am Jul 9, 2024 1:06am
Meanwhile, on H1...

So far, bulls couldn't climb back above 1.0838 breakout level as they would normally do.. That's the 1st failure which signals bearish power..

I am with bears but will trade carefully until H1 candles close below 1.0808... Trend change can take time...No rush!

Happy trading day to all
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Focus only on what truly matters!
  • #199,862
  • Jul 9, 2024 1:56am Jul 9, 2024 1:56am
Quick DAILY Outlook

  1. For today, everything points at 1.0837/42 resistance area...
  2. Can bulls break above? Or will they fail and allow bears to storm lower through 1.0808? Time will tell...

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Focus only on what truly matters!
  • #199,863
  • Jul 9, 2024 3:01am Jul 9, 2024 3:01am
Based on H1, I am marking 1.0827 as nearest resistance...
Focus only on what truly matters!
  • #199,864
  • Jul 9, 2024 4:59am Jul 9, 2024 4:59am
Quoting v2vboni
{quote} Based on the current technicals and fundamentals, a bearish bias seems to be the more prudent approach. With a hawkish ECB, a potentially dovish Fed, and technical indicators aligning with the bearish sentiment, our beloved pair could experience a downward trend in the short term. However, as always, it’s crucial to stay flexible and adaptive in your trading strategy.
New and pending positions...

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20-day and 50-day MA
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #199,865
  • Jul 9, 2024 7:31am Jul 9, 2024 7:31am
Based on H1, I am marking 1.0819 as nearest resistance...

*All I did was flip the story... Rinse and repeat until this simple logic doesn't work...
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #199,866
  • Jul 9, 2024 7:44am Jul 9, 2024 7:44am
All Eyes on Fed's Chair Powell testifies Speech lets see How EU perform
  • #199,867
  • Jul 9, 2024 7:57am Jul 9, 2024 7:57am
H4 candle close coming in 3 minutes... Let's see if bear momentum stays intact...
Focus only on what truly matters!
  • #199,868
  • Jul 9, 2024 9:06am Jul 9, 2024 9:06am
Attaboy Powel-bear... Keeps bear momentum intact... Nice
Focus only on what truly matters!
  • #199,869
  • Edited Jul 10, 2024 2:50am Jul 9, 2024 9:07am | Edited Jul 10, 2024 2:50am
Good afternoon, I hope you are well. The bears are trying now on 5M, thanks to* the Chairman's Testimony. 5M, and 1H charts;
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  • #199,870
  • Jul 9, 2024 9:18am Jul 9, 2024 9:18am
Quoting vinesh1
There is some indescission in 4hr chart around 1.745-47 area might be a good spot to jump in for bull run to new high. Let's see..
Hoping. If more momentum then 1.0688
  • #199,871
  • Jul 9, 2024 9:28am Jul 9, 2024 9:28am
Remember: 1.0808 is highly highly crucial.. That's why price hesitates whenever it comes near to it...

*If bears can break below, oh my oh my... true sell off fun can begin...
Focus only on what truly matters!
  • #199,872
  • Edited 10:44am Jul 9, 2024 9:57am | Edited 10:44am
Quoting Ata-Turkoglu
Remember: 1.0808 is highly highly crucial.. That's why price hesitates whenever it comes near to it... *If bears can break below, oh my oh my... true sell off fun can begin...
I think it’s not gonna survive for a longer time as technically the price seems to be changing the direction and currently bulls are getting weaker.
  • #199,873
  • Jul 9, 2024 10:02am Jul 9, 2024 10:02am
Robber banks just stopped all bearish engines.. See you tomorrow
Focus only on what truly matters!
  • #199,874
  • Jul 9, 2024 11:55am Jul 9, 2024 11:55am
Quoting v2vboni
{quote} New and pending positions... {image} 20-day and 50-day MA {image}
Hmmm... Eyeballing 1.07000 Price handle... Bearish bias continues.

; ) -
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #199,875
  • Jul 9, 2024 12:00pm Jul 9, 2024 12:00pm
Quoting v2vboni
{quote} Hmmm... Eyeballing 1.07000 Price handle... Bearish bias continues. ; ) -
I think this week, we are definitely going to see at least 1.0740 In Sha Allah.
  • #199,876
  • Jul 9, 2024 12:11pm Jul 9, 2024 12:11pm
Cows seem to want to party, be careful, I made a purchase to see what happens
  • #199,877
  • Jul 9, 2024 12:13pm Jul 9, 2024 12:13pm
Quoting rehmatkhan00
{quote} I think this week, we are definitely going to see at least 1.0740 In Sha Allah.
Inshallah
  • #199,878
  • Edited 12:43pm Jul 9, 2024 12:16pm | Edited 12:43pm
Quoting v2vboni
{quote} Hmmm... Eyeballing 1.07000 Price handle... Bearish bias continues. ; ) -
ECB hawkish... The rate hikes continues...

While the FED today is Dovish... PMI shows signs of softening... No signal to rate hikes any time soon. And the US stock market is too bullish that may trigger a correction.

EUR/USD...
This may result a tug of war... Price in range. But looking at technical, my bias is bearish (short to medium term) while taking advantage of possible price oscillation.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #199,879
  • Edited 1:28pm Jul 9, 2024 1:02pm | Edited 1:28pm
Quoting v2vboni
{quote} ECB hawkish... The rate hikes continues... While the FED today is Dovish... PMI shows signs of softening... No signal to rate hikes any time soon. And the US stock market is too bullish that may trigger a correction. EUR/USD... This may result a tug of war... Price in range. But looking at technical, my bias is bearish (short to medium term) while taking advantage of possible price oscillation.
The ECB’s hawkishness continues, with the central bank signaling further rate hikes to combat inflation. Meanwhile, the Fed’s dovish turn is apparent, with a potentially slowing economy and softening PMI data causing the Fed to be cautious about further rate hikes.
These opposing forces could result in a tug-of-war for the EUR/USD pair, leading to a range-bound market.

The US stock market exuberance: The recent strength in the US stock market might be a warning sign of excessive optimism, which could trigger a correction in the near future. This, in turn, could weaken the US Dollar, potentially giving the EUR/USD pair some support in the short-term.

The story goes on... ; ) -

Technical analysis: With a bearish bias in the short to medium-term, traders might consider capitalizing on the price oscillation within the range. Possible strategies include:
- Buying near support levels and selling near resistance levels for short-term gains.

- Selling rallies within the range and buying dips for those willing to hold positions longer.

Now, just up to us how we will trade EUR/USD in terms of technicals... Like Fibonacci Retracement Level, Bollinger Bands, MACD, RSI, Fractals, Pivots and etc... Or you may simply follow Ata's intraday technical charts he shared herein.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #199,880
  • Jul 9, 2024 1:16pm Jul 9, 2024 1:16pm
Quoting v2vboni
{quote} Hmmm... Eyeballing 1.07000 Price handle... Bearish bias continues. ; ) -
Let me clarify my earlier point of being bearish bias...

When the US stock market corrects, it could lead to a sell-off of US stocks and a flight to safe-haven assets, like the US Dollar. However, if the correction is severe enough, it could weaken the Dollar, as investors might fear the potential impact of a slowing economy on the currency.
This weakening of the Dollar, in turn, could provide some support to the EUR/USD pair. However, as I mentioned earlier, this is likely to be a short-term effect.

Thus... I'm still a bit conservative eyeballing 1.07000 price handle. Short to medium term.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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