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  • #10,781
  • Nov 10, 2024 10:41pm Nov 10, 2024 10:41pm
The EUR/USD currency pair is currently trading in a range between the 1.0682 support level and the 1.0761 resistance level. The 1.0700 psychological level is also acting as a significant support level. Given the current market conditions, I anticipate the pair to continue its sideways movement until a catalyst emerges to drive increased volatility. However, it's important to be mindful of potential market impacts due to the closure of US banks today.

Have a great day!

Daily volatility (range) 46 pips

Option expiries for Monday: 1.1100 (EU1.59b), 1.1050 (EU1.3b), 1.0900 (EU934.2m) Source: financialjuice.com

1 hour
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Looking for profitable short term trades ...|
  • #10,782
  • Nov 11, 2024 12:34am Nov 11, 2024 12:34am
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  • #10,783
  • Nov 11, 2024 2:49am Nov 11, 2024 2:49am
Quoting GOR
{quote} EU , , but GU bears woke up right on the spot, {image}
GM, EU with the same setup early morning, it seems I'm done with EU for the day, 28p is enough, GU is still open hoping for TP2 30-40p, the dollar has momentum and could be on the way to a NH, now, later, or some other day,
Attached Image (click to enlarge)
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'In the clearing stands a boxer And a fighter by his trade..'
  • #10,784
  • Nov 11, 2024 2:54am Nov 11, 2024 2:54am
Quoting GOR
{quote} GM, EU with the same setup early morning, it seems I'm done with EU for the day, 28p is enough, GU is still open hoping for TP2 30-40p, the dollar has momentum and could be on the way to a NH, now, later, or some other day, {image}
Selling again from resistance is better, I think that the drop was enough for Monday.

Have a great day!
Looking for profitable short term trades ...|
  • #10,785
  • Nov 11, 2024 3:13am Nov 11, 2024 3:13am
Quoting Js3mwtRc
{quote} Selling again from resistance is better, I think that the drop was enough for Monday. Have a great day!
, I'm not sure the dollar can break the strong daily supports today, especially when half the market is off, but you never know, I will wait below, or above,
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,786
  • Nov 11, 2024 3:20am Nov 11, 2024 3:20am
Quoting GOR
{quote} , I'm not sure the dollar can break the strong daily supports today, especially when half the market is off, but you never know, I will wait below, or above,
Yes. 1.0666 is significant. Also todays high is capping and with difficulty eu would do something above today, but if it rises there it may use it as a pivot for tomorrow!
Looking for profitable short term trades ...|
  • #10,787
  • Nov 11, 2024 3:33am Nov 11, 2024 3:33am
Quoting Js3mwtRc
{quote} Yes. 1.0666 is significant. Also todays high is capping and with difficulty eu would do something above today, but if it rises there it may use it as a pivot for tomorrow!
Next support at 1.0643! Bears are poised!
Looking for profitable short term trades ...|
  • #10,788
  • Nov 11, 2024 5:26am Nov 11, 2024 5:26am
Quoting GOR
{quote} GM, EU with the same setup early morning, it seems I'm done with EU for the day, 28p is enough, GU is still open hoping for TP2 30-40p, the dollar has momentum and could be on the way to a NH, now, later, or some other day, {image}
GU done, looks like that's enough for today!
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,789
  • Nov 11, 2024 7:21am Nov 11, 2024 7:21am
Quoting Js3mwtRc
{quote} Next support at 1.0643! Bears are poised!
Bears did it to the level! They look non stop, bloody Monday for EU! 1.06208 weekly is next on my radar - 1 hour chart
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #10,790
  • Nov 11, 2024 8:13am Nov 11, 2024 8:13am
Quoting Js3mwtRc
{quote} Bears did it to the level! They look non stop, bloody Monday for EU! 1.06208 weekly is next on my radar - 1 hour chart {image}
Cuts it like butter, MMs seems to be enjoying the day out of the office,
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,791
  • Nov 11, 2024 9:27am Nov 11, 2024 9:27am
Quoting GOR
{quote} Cuts it like butter, MMs seems to be enjoying the day out of the office,
Indeed, 100 pips drop at a monday holiday!
Looking for profitable short term trades ...|
  • #10,792
  • Nov 11, 2024 11:03am Nov 11, 2024 11:03am
The EUR/USD pair declined today, below 1.0700, down almost 100 pips. This decrease was influenced by concerns about potential US tariffs on European goods and political instability in Germany, both of which negatively impacted the Euro. As a result, the pair reached a seven-month low near 1.0627.

For now resistance at 1.0682 should hold the downtrend until the next support at 1.0600 reached.

That's all for today. Remember to keep tight stops and risk less!

Have a great rest of the day!
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Looking for profitable short term trades ...|
  • #10,793
  • Nov 11, 2024 1:05pm Nov 11, 2024 1:05pm
important levels for EU
as the quarterly 61.8% mid was broken last week at 107.11
Then EU is now going to the yearly lows at 104.74 50% and 103.75 61.8 %
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  • #10,794
  • Nov 11, 2024 10:46pm Nov 11, 2024 10:46pm
The EUR/USD pair is currently bearish. It's trading sideways below the previous support level of 1.0666, which is now acting as resistance. Yesterday, the pair broke below 1.0682, forming a large bearish candle.

If the price continues to fall below yesterday's low, the next support level is 1.0600. A further decline could lead to the yearly support at 1.0565 and the monthly support at 1.0546.

Have a great day!

Daily volatility (range) 49 pips

Option expiries for Tuesday: 1.0750 (EU1.89b), 1.0725 (EU1.29b), 1.0600 (EU1.11b) Source: financialjuice.com

1 hour
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #10,795
  • Nov 11, 2024 11:40pm Nov 11, 2024 11:40pm
Sell Euro, Time to Double or Triple account

Maybe to 0504 - 0505
Holy Betting Grail strategy
  • #10,796
  • Nov 11, 2024 11:58pm Nov 11, 2024 11:58pm
Quoting fxcontest
Sell Euro, Time to Double or Triple account Maybe to 0504 - 0505
0615 will resist a bit first
Its all just one persons opinion
  • #10,797
  • Nov 12, 2024 3:51am Nov 12, 2024 3:51am
Curious to see if this release will give the bears the lower break at 1.0600 they need to keep selling.

German ZEW Economic Sentiment

10 min left!

Quoting Js3mwtRc
Curious to see if this release will give the bears the lower break at 1.0600 they need to keep selling. German ZEW Economic Sentiment 10 min left!
Not good. EURUSD dropped but not much.

Currently these dynamics will be in play:

1. ZEW: More optimistic voices were heard in the last survey days, expecting economic prospects for Germany to improve with snap elections on the horizon.

2. ZEW: Economic sentiment has declined – and the outcome of the US presidential election is likely to be the main reason for this.
Looking for profitable short term trades ...|
  • #10,798
  • Nov 12, 2024 4:31am Nov 12, 2024 4:31am
DXY 105960-106140 zone
'In the clearing stands a boxer And a fighter by his trade..'
  • #10,799
  • Nov 12, 2024 5:03am Nov 12, 2024 5:03am
Quoting fxcontest
Sell Euro, Time to Double or Triple account Maybe to 0504 - 0505
TP All .. Gold and Euro...
Holy Betting Grail strategy
  • #10,800
  • Nov 12, 2024 6:01am Nov 12, 2024 6:01am
Gold buy 2593 holding on,
'In the clearing stands a boxer And a fighter by his trade..'
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