Only EURUSD

Wrong. I have use to it, surprises should be taken care too!

My bias is down to 1.0777 again, but I may change my mind quick if I see eu going the opposite side.

Or if there's a strong wind ??? Sorry friend, couldn't resist Totally agree with your outlook though amigo

B/E stop on this trade.
New position opened @ 1.0860

The EUR/USD market appears to be in a state of indecision, with buyers and sellers locked in a battle around support and resistance levels. Traders may be anticipating a breakout from this range to establish a clear directional trend.

A price move above 1.0867 could signal a bullish trend, while a break below 1.0808 might indicate a bearish trend. More levels, resistance at 1.0881 and support st 1.0769/61.

However, it's crucial to remember that market conditions are dynamic and can shift rapidly. To make informed trading decisions, it's essential to employ a combination of technical analysis tools and indicators alongside fundamental analysis.

Have a wonderful rest of your day, see you tomorrow again bye!

1 hour

now a retracement to bounce of one of the previous levels is the signal i am waiting to call it for the bulls, 1.083 would be a good candidate. Lets see if they can pull this off.

bull did well hitting 087x. Have cleard my longs and on sideline now, let see if we will hit 088x

Adding chart

The EURUSD pair experienced a brief upward correction to the 1.0871 level before encountering resistance and retreating towards the 1.0839 support zone, which previously acted as resistance. While the pair currently exhibits bullish momentum on the one-hour timeframe, the ability to maintain support at 1.0839 will be crucial for a potential further ascent towards the 1.0881 - 1.0900 range. Failure to hold this support level could trigger a downward movement, potentially leading to a retest of the 1.0808 low.

Have a great day!

Daily volatility (range) 80 pips

Option expiries for Thursday: 1.0800 (EU1.87b), 1.0900 (EU1.65b), 1.0925 (EU1.51b) Source: financialjuice.com

Significant news - EU CPI & US PCE

1 hour

The EUR/USD currency pair is currently trading in a corrective uptrend after experiencing a sharp decline following the release of the US PCE data. While the headline inflation figure came in stronger than expected, the softer-than-anticipated wage growth component has fueled speculation about a potential rate cut by the Federal Reserve next week.

On the 1-hour chart, the pair is trading within two key ranges:

Upper Range: Bounded by 1.0844 and 1.0888
Lower Range: Bounded by 1.0808 and 1.0844

Given the upcoming market closure and the significant NFP data release on Friday, it is likely that the EUR/USD will remain confined within these ranges until the market opens again. Traders may choose to adopt a cautious approach and avoid taking positions that could be impacted by unexpected price movements during this period.

Have a great rest of the day!

EURUSD recent price action shows a temporary upward movement from its recent low of 1.0760, reaching a high of 1.0890. This suggests a potential short-term bullish correction.

However, it's important to note that the overall trend on larger timeframes (4-hour and daily) remains bearish. This indicates that the current upward movement might be a temporary pullback within a broader downtrend.

If the price breaks above the 1.0888 resistance, it could signal a continuation of the bullish correction, potentially targeting 1.0919 or even 1.0940/60.

Conversely, if the price falls below the 1.0847 support, it might indicate a return to the bearish trend, aiming for the 1.0808 support level.

Have a great day!

Daily volatility (range) 86 pips

Option expiries for Friday: 1.1200 (EU1.21b), 1.0900 (EU1.11b), 1.0840 (EU863.5m) Source: financialjuice.com

Significant news - US NFP & ISM manufacturing PMI

1 hour

I took a short @ 0886

Green NFP?

probably just a scalp for now but if we sub under 0870 maybe i will hold it for a bit longer

I am watching this tl

Short term 1.0881 should hold for 1.0860. If it rises then 1.0890.

moving sl to be, lets give nfp a chance

Why not, if it succeeds then the reward is good. I have two targets, at 1.0808 and second at 1.0777 with a chance it breaks lower next week (elections).

Good luck!

This is my view now!

NFP came significant lower > 12K & buyers have the advantage. Next resistance at 1.0919 and 1.0940/60. 1.0888 must hold or buying dips is good again. Support 1.08523

Shared the same at the other forum too!

this was one of my best days in a long time, and i couldn't have timed by exit better and i still have soldiers in the rear ready to spring into action later. Have a nice weekend, today is a local holiday so i'm leaving.

Price action is frustrating. Not even a signal to go long, but chances it goes down to 1.0808 or lower! Waiting for the hourly close.