New Cable Thread & Other Pairs

GU weekly.

After EUR/USD reached the high of 1.1163, it encountered some resistance and began to trade lower, but it remained supported above the broken 1.1140 level, which had previously acted as resistance. The weaker-than-expected U.S. data, particularly the CB Consumer Confidence report, provided fuel for the euro to strengthen against the dollar, as market sentiment leaned toward the possibility of slower economic growth in the U.S.

As the day progressed, traders took profits near the 1.1163 level, causing a slight pullback, but the pair still held above 1.1140, indicating that bulls may be in control for now. Price action remains sensitive to upcoming data and any potential shifts in U.S. Federal Reserve policy, particularly as weaker U.S. economic indicators could push expectations of a dovish Fed pivot.

Heading into the rest of the week, traders will likely focus on further U.S. economic releases and any geopolitical developments in Europe, with EUR/USD likely to stay in a relatively tight range between 1.1140 and 1.1163 unless there is a significant catalyst to break out in either direction.

More support and resistance zones: 1.1132/22 support and 1.1167/77 resistance.


Have a great rest of the day, see you tomorrow again.

EURUSD

EUR/USD advanced to 1.1196 high after 1.1167 resistance gave up on strong sentiment and a weaker US economy. 1.1201 & 1.1210 weekly R1 is right after but EU might find hard to continue so its good to watch at key support levels like 1.1167, 1.1155 and 1.1140. Also more resistance in case it breaks higher is located at 1.1231/38. Today there are no significant news on the calendar so expect the EU to move on news headlines. Have a great day ahead!

Daily volatility (range) 46 pips

Option expiries for Wednesday: 1.1150 (EU1.3b), 1.1130 (EU1.07b), 1.0915 (EU1.02b) Source: financialjuice.com
1 hour

Waiting breaks and hold 3410 signal to start correction. Little overshoot pa as in very strong bull! Take care

And for eurusd earliest breakout as signal 1191.earliest confirmation 1185

Testing early bird signal 2418 !
If correct start then to stop this bull there may develops doji or evening star or engulfing candle , low can be 3338

Good day fontu. 1.1200 to 1.1160 or 1.1130. If a continuation above then 1.1260/75.

The USD/JPY bottom was supported and rose, so long positions are protected by BE+

The pound-dollar and dollar-yen have risen sharply, but we are not sure whether they will rise to the New York highs, so we have added a long position, making it three positions.

DXY H1

Bullish buttterfly underway. Target 4 would be nice.

For me 100555 was fine, it is likely that there will be another drop, maybe higher near your targets, we can look for a structure on the other side in the area of 660/790 or around 101000 with a good probability,
BTW, what Indicator is this? Doesn't look like "Manual Harmonic Patterns - With interactive inputs"

Checking situation , 3367 was important sr testing now , next 5hr close compete for level 3339 , low can be 3329. Let continue . But take care , spikes likely arounds 3367 , specially 58.

Special care to take when eurusd approach 1264 limit as above may bull try start possible. , still near 21 pips there to play down !! May breaks that limit though ,

Im using
https://www.tradingview.com/v/ovozU7Tp/

this finds completed patterns as soon as they complete. stats are also interesting.
Safer than trading on the basis a pattern may complete

I have reduced the error % to 5 and I like to reduce it further when i find a pattern to check the accuracy of the pattern.
I limit the type of patterns to butterfly bat and maybe crab, not interested in all the "newer alternate" ones.
Im still experementing, plan is to use harmonics as confluence with other reasons to enter or exit. scalping seems to work as well.