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EURUSD only

long from 1.0930 (SL breakeven)

popcorn time
Quoting Ata-Turkoglu
{quote} Based on your demo history, I am thinking out loud that you should be posting in another thread where you have best results... not here... Best wishes
That's an automated trading demo account, its just left there to do its own thing
5m
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Weekly 50% Fib hit
Weekly Triangle Line Top (blue Line)

Bull / Bear Line Area (Green)
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Quoting Ata-Turkoglu
Quick DAILY Outlook We arrived at a very crucial level: ~1.0920 area.. The rim of the big ellipse... We either break below and keep falling with much faster speeds OR we bounce back up that triggers a larger choppy phase... Let's see... *I am also noticing macd divergence on my H1 chart... {image}
The mentioned fight has begun.. Let's see... nam nam nam nammm!
Be a seer, not a looker!
Quoting Traderview
what is it guys 200 sma 1.0870 or 1.09. Question is is it going to touch 1.0870 today or tomorrow. lets see
bulls better pray the day to close above 1.0950.
Well, it looks as the DXY is rolling over to the trendline it broke yesterday. If this does not hold, we could get a fake breakout.

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UPDATE: No, not yet...
Quoting zippo22
Well, it looks as the DXY is rolling over to the trendline it broke yesterday. If this does not hold, we could get a fake breakout. {image}
this gonna fake breakout , i can see the divergence on rsi and its happening on high value, it will drop soon, both rsi periode 14 have divergence on eurusd and usdx
Quoting anilamil
{quote} this gonna fake breakout , i can see the divergence on rsi and its happening on high value, it will drop soon, both rsi periode 14 have divergence on eurusd and usdx
Quite possible, the DXY had an incredible run and 103.00+- was historically always a pivot or resistance/support area. With today we had in a very short timeframe 7 green full body candles. A retracement is due.
Quoting zippo22
{quote} Quite possible, the DXY had an incredible run and 103.00+- was historically always a pivot or resistance/support area. With today we had in a very short timeframe 7 green full body candles. A retracement is due.
its start... retest 0970 - 0980...
Quoting mehantrader
Daily tf trader here... I see you are mostly thinking about a support right here but the trend I'm seeing seems very powerful. Has potential to even go to 1.077. Sold on 1.094 SL right on 1.104. Might be wrong and if it hits the SL it shows that the support has worked.
going very well, I'm very optimistic for going down.
Trend following
Based on H1, we are now at very critical level again: 1.0932...??? Let's see...
Be a seer, not a looker!
The decline continues but fades somewhat, there is a long wick on yesterday's bearish candle. RSI level 36 is near the oversold zone. Today we are waiting for US PPI data.
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I trade at FXOpen
I have 1.0960 and 1.0975 as best sell prices before the major buy opportunity at 1.0850. D1 TF and up.
1.0860 may be the best price to long in order to tp at 1.12
Quoting Ata-Turkoglu
Based on H1, we are now at very critical level again: 1.0932...??? Let's see...
On H1, bulls are wasting time at sea level... Once these idle and limbo hours are over, I want to see if 1.0920 truly supports or not...

While above 1.0920, lazy bulls have the upper hand!

Trade cautious today.. Don't get fried!

Happy Friday to all...
Be a seer, not a looker!
Happy Friday traders!

Yesterday looks like it was a difficult day for the dollar, leaving a pretty tired looking doji on the daily, extending well beyond the previous days high.

Might this support the bullish signals we're seeing on the EU .... Green pips y'all
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Don't you know that I'm loco ...
Quoting RedAllOver
Happy Friday traders! Yesterday looks like it was a difficult day for the dollar, leaving a pretty tired looking doji on the daily, extending well beyond the previous days high. Might this support the bullish signals we're seeing on the EU .... Green pips y'all {image}
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So this is my first fundamental analysis in this forum:

EUR/USD Analysis (1D and 1W TF)

US Perspective
- US 10Y Treasury yields and DXY are both near resistance levels in the weekly timeframe. If they break resistance, it will confirm USD strength.
- The slightly higher-than-expected CPI combined with hawkish Fed tones reduces the likelihood of a 50 BPS rate cut, aligning with an 84.3% probability of a 25 BPS cut in November.
- The Fed has avoided a recession, and economic recovery is likely next quarter. Pre-election volatility may stabilize post-elections.
- USD could also benefit from safe haven flows if geopolitical tensions escalate.

EUR Perspective
- Eurozone yield curves are falling, creating a yield gap that favors USD.
- Germany's weakening trade balance, negative Q2 GDP, and a shortage of skilled workers weaken sentiment.
- Falling investor confidence and expectations of a 25 BPS ECB rate cut in October, along with easing inflation, indicate further EUR weakening.

Conclusion:
The USD is likely to strengthen, while the EUR may suffer due to weaker economic data, lower yields, and expected ECB rate cuts.
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