EURUSD only

Quoting vinesh1

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Biden drops out. We may get a gap up. Trump wants weak dollar. Lets see

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Quoting BobaFett74

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Looks like a good day to wash my hair with Head and Shoulders...

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Quoting RedAllOver

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Good morning traders, hope all are well rested for the week ahead. Today could well be a bit of a non-event Monday, maybe the NY session will spice things up a bit after the Biden news . I'm long on the EU to just below the 10900 mark, largely based on how the dollar is moving this morning ... There's a 450+ point move south it can easily take to stay on trend with the STF. We'll see {image}

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Quoting rehmatkhan00

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{quote} The level between 1.0893 and 1.09000 is a really strong resistance if bulls successfully break it then the other levels might not offer bigger resistance until it reaches 1.0948 which is previously higher high.

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Quoting RedAllOver

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{quote} Good shout rehmatkhan00, thank you . I track this however on the dollar more so than the EU (the 104000 RN marked with the solid red line above the weekly buyside imbalance from March). We'll see if Monday has enough interest (notwithstanding July & the Biden news) however, the dollar did break this area and corresponding market structure last week and I suspect it may do so again given the ease with which it can run south versus the rally at the end of last week ... {image}

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Quoting rehmatkhan00

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{quote} I think both EU and DXY are the same thing therefore focusing on one of them is more than enough though sometime there is some benefits of tracking both of them. Anyway today and maybe tomorrow we are highly likely to have some choppy price action therefore it would be kind a difficult to predict whether will break down for further correction or even for reversal to the downside or it will break up to make another Higher High. I see the chances of a break up to the upside because apparently the price has not only completed its ABC zigzag...

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Quoting RedAllOver

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{quote} My personal style is based on the Dollar being the determinant to any trade decision on the EU, I don't see them as the same thing but that's just my view. I also have trust issues so I don't use indicators, the DXY is my decision point as to whether I'll enter an EU trade or not. When I see unity between the two across multiple TFs and my set-up is in place, I'm all over it. If not, then I'll sit it out. Agree too, choppy action given my earlier comments but price across the EU and DXY suggests there may be enough interest to...

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