New Cable Thread & Other Pairs

Ppl have a great weekend big hug everyone.

Solid advice. Ill do that and see if I can get back to where I was over time with smaller moves.

Little Euro after so many trials and tribulations made it to 1.0910, great !! Short it!!

Yes sir!

I am using the TDB 2000 for these exchanges !!

us dx looking good support

I was just going to ask you that lol i just the signal!!! Happy bulls hahaha

Closed out rest of my gold. Focus on EUR now and see how that plays out.

Think ill shoot for 1.09 as a TP idk how low this might go so best be safe i guess.

You know we are at D1 resistance??

Yes but i dont want to hold anything over weekend. Cant afford any funny stuff over weekend.
Need to take profit before then.

Whats your thoughts? I could maybe hold a minimal amount so as to limit any hiccups.

If you trading scared most likely you are going to lose.
Use the fibs and pivots to target your profit.
My system does not suit what you are doing.

EUR/USD pair witnessed an upward movement earlier today, reaching a high of 1.0892. However, hotter than expected PPI data caused the pair to drop down to a support level of 1.0873. Despite this initial setback, the euro managed to recover its losses, and the release of the UoM provided an additional boost, pushing the EUR/USD up to 1.0910.

Subsequently, the pair experienced some retracement, trading slightly lower near the 1.0900 level. At present, it appears that the bulls are in control, aiming for higher prices. Yet, if the EUR/USD fails to maintain its position above the 1.0900 round number, it could potentially prompt traders to reposition and move lower. As always, staying vigilant and keeping an eye on market developments is essential for informed trading decisions.

Have a beautiful weekend! See you again next week!

GU MN1

Looks like eur wants more still lol. End of day push

EUR/USD pair experienced a period of consolidation above the 1.0900 level before finally closing the week above this crucial round number, forming a robust bullish candlestick. With the immediate resistance at 1.0916 within reach, a break above this level could pave the way for bulls to target the significant resistance at 1.0981, established on March 8th, 2024.

While some resistance may be encountered at 1.0943 and 1.0960/65, the bulls could manage to overcome these levels if the market sentiment remains supportive. On the other hand, bears need to push the price back below 1.0900, aiming to test the 1.0865/60 support zone. If this support area fails to hold, and bulls are unable to regain control, a revisit of the 1.0805 low could be in the cards.

As always, closely monitoring news updates and indicators is essential in providing insights to support any trading perspective.

Weekly volatility (range) 72 pips

Option expiries for Monday: 1.0900 (EU2.69b) & 1.0825 (EU1.18b) Source: financialjuice.com

Significant news - US Retail Sales, US Housing Starts Number, US Industrial Production, ECB Interest Rate & US Initial Jobless Claims

Daily

Have a great rest of the weekend!

GU D1

I’m seeing 1.10