New Cable Thread & Other Pairs

nice to see you sir!

EUR/USD dropped to 1.0900 but consolidated after and now is trading around 1.0940 previous support now resistance. More resistance is located at 1.0955 yesterday's high and a break above could correct more to 1.0975/80 zone. 1.0920 and 1.0900 may hold for today but a break below the last will see EU challenging 1.0881 low.

Daily volatility (range) 52 pips

Significant news - US PPI & University Michigan Sentiment Prelim.

1 hour

With mixed signals from the PPI and the University of Michigan sentiment data, the market is likely in a wait-and-see mode. Traders could be cautious about holding positions over the weekend, leading to choppy price action. As volatility remains, EUR/USD may test both support and resistance levels, and any sustained move might only materialize next week once the market has fully processed today's data and any potential weekend developments.

It's worth watching for any significant last-minute moves, especially as liquidity could thin out later in the session.

I should be out for the week. It was great trading with all, have a fantastic weekend ahead!

EUR/USD is trading bearishly between 1.0900 and 1.1000, but momentum is slowing above 1.0900, putting the 1.0955 resistance at risk of breaking. If this resistance is breached, bulls could gain control and push the pair toward the 1.1000/20 zone before bears attempt to regain dominance. Additional resistance is seen at 1.1046/50. A drop below 1.0900 would target the 1.0881/62 zone for a potential bullish defense. If this support fails, it could pave the way for further declines. Key support levels below are at 1.0800 and 1.0777.

Weekly volatility (range) 113 pips

Option expiries for Monday: 1.0950 (EU621.1m), 1.1090 (EU568.3m), 1.1400 (EU453.5m) Source: financialjuice.com

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

Have a great rest of the weekend!

Gbpusd better below 3041 , say 3034 ok , so long taking both gbpusd and eurusd to see . Take care
Target same 0950 and 3080 if all ok. Sl just previous lows ?
https://www.forexfactory.com/thread/...0#post15027270
https://www.forexfactory.com/thread/...3#post15027333


Update , perfect now waiting for close , after 3071 next test should be 3080 target.

EUR/USD is consolidating inside 1.0955 - 1.0900 bulls have lost momentum but EU must drop below the low of the range to consider a downward continuation of the bearish trend. More support is located at 1.0881/62 zone. Resistance above the high is at 1.0980. Have a great week ahead!

Daily volatility (range) 51 pips

Option expiries for Monday: 1.0950 (EU621.1m), 1.1090 (EU568.3m), 1.1400 (EU453.5m) Source: financialjuice.com

1 hour

gold some nice channels

EURUSD attempted to hold above its earlier Asian high, but weak buying pressure caused it to fall below the 1.0915 support level to a low of 1.0905. The current bearish sentiment suggests that further downside movement is likely, with support level at 1.0881. However, a change in sentiment could lead to a recovery, with potential upside target still at 1.0955.

It's now up to the ECB's court to make the next move this week!

See you again tomorrow bye!