EURUSD

Added to shorts here, NOW as shown.......................

For now 775 level is a strong resistance level looking at H1
Today we can expect prices to range between A to D

A 1.0650 1.6b
B 1.0725 1.1b
C 1.0775 2.3b
D 1.0900 1.8b

https://www.fxstreet.com/news/fx-opt...t-202411070601

5 hours left to announce FED data 99,3% for 450-475




https://www.cmegroup.com/markets/int...atch-tool.html

FOMC Press Conference November 7, 2024 2:30 p.m. ET

A beautiful long bearish daily candle next

Euro price bounced off middle Bollinger band for the second time on H4, on H1 time frame price also returned to the bearish zone.
Bulls did not have the strength to break the previous high and set a lower high. 750 on the radar

Market is heading to test the bottom. Bears are hungry

Hey folks, everybody alright? No heart attacks?

euro is bearish till next friday

After a short-term change to a bullish structure - since election day, we have returned to the main downward trend. Currently, it is guarded by the black trend line.
Last week's Friday close support turned into resistance. We have broken the bullish structure (LL&LH)
Bears have two supporting points at 1.0830 resistance and a black main trend line points from end of September and election day.

EURUSD price action on the daily time frame went sideways on Friday after a bearish drive that broke down the 1.07730 horizontal support on Wednesday and a rising trendline that had been in place for several weeks. The technical impulse may see further southward move, at least in the early part of this week. The dominant technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

It looks like we're getting hit 1.0600 this week




https://www.forexlive.com/Orders/fx-...-cut-20241111/

Be careful folks...a break and base below 1.0660 means a fall toward 1.0520-40s first. And looking at GU definite fall toward 1.2680s..means EU will do it...

Who goes with the trend?



As you can see, bear market is squeezing the bulls





https://fxssi.com/tools/current-ratio

FREE FALL

Let me take my prfts here , NOW..............

It looks very good for bears


https://www.forexlive.com/Orders/fx-...-cut-20241112/

Keep note folks that a continuous fall toward 1.0520-40s without retrace would give that level a good support for a good bounce for retracement later...

Longed E. and BP here, NOW as shown................

I don't know why you keep taking longs without a negative signal for declines. If someone is in a hurry to get longs, there is no rush, wait for the Higher High Without this there is no signal on the strength of the bulls.


As a reminder for bulls, To indicate a reversal from a downtrend to an uptrend, we need to see:
1) higher high and
2) a higher low then
3) confirmation of this trend reversal is achieved when the price breaks above the previous high!

So far, we haven't even met the first point