EURUSD Only

your trade is missing

in equities i am minting money [ this is why i like equities more than forex ]

Hello everyone!

200 and 20 MA is down on 1 hour

The market is behind the daily and weekly pivot

I'm waiting for the retest of the last low point

because CHANCE of getting a BIG trade is missing

As I said

Lord Gelubrin will understand

Today I was playing a game on Facebook the kingdoms of Camelot where every player is addressed as lord or lady

Biting her nails, hoping this trade goes correct

H1, it works fine! He also took his friend H4 with him.

Purchasing managers (ISM manufacturing PMI), buy materials for production when they are cheap (see August price for: oil, steel, copper, natural gas, aluminum). It is also based on market sentiment (Consumer confidence). The idea seems to be supported by: Initial Jobless Claims, Employment rate, Redbook Index and Stock Market Index. These economic indicators increased in January, March and August. The Initial jobless claims trend is decreasing, and the Wages in manufacturing trend continues to increase. The housing industry is starting to grow because the 15/30 year mortgage rates have decreased a little.
The fiscal year in the US ends on September 30 and companies spend money to pay smaller amounts in tax.
W1, D1- bearrish.
If the reasoning is correct, eurusd H1 will decrease starting from Wednesday.
Until Wednesday, the price has time to rise.

Since the countries' economies are interdependent at least through import/export relations, this news tells us that this economic indicator will increase in the USA as well.

Idem:

1. EUR/USD gains ground as the Fed is expected to deliver at least a 25-basis point rate cut in September.
2. The US Dollar received support from July's Personal Consumption Expenditures (PCE) Index data released on Friday.
3. ECB Governing Council member François Villeroy de Galhau favors the central bank considering a rate cut in September.

Good.
Where will the EURUSD price go next?

Technically, D1 tells us: the decline continues.The price will probably find support on MA50.

Fundamental:
- the purchasing managers (ISM manufacturing PMI) have made the supply and anticipate some increase;
- it means that they have new orders for goods/services (Factory orders);
- I think the offer of new jobs (Jolts job openings) will be higher because Personal Income, Personal Spending for July have increased, and Average Hourly Earnings MoM has decreased;
-If the demand for goods and services has increased, it means that the ADP Non-Farm Employment Change will also be optimistic.

Conclusion: eurusd will continue to fall.

Will EU Beat the red resistance this time?
I believe YES but only time will show.
If I had a position in long term, I'd prefer let it run until it would be clear that can it beat 1.12 or not.