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  • #8,721
  • Nov 19, 2024 10:34pm Nov 19, 2024 10:34pm
The EURUSD pair briefly touched 1.0607 but couldn't maintain momentum and fell below 1.0600. The short-term bullish correction appears weak, and a sustained move above 1.0610 resistance is needed to target 1.0653. Support at 1.0565 is holding, but a break below could push the price to the lower channel boundary and potentially retest yesterday's low of 1.0523.

Good luck and happy trading!

Daily volatility (range) 51 pips

Option expiries for Wednesday: 1.1160 (EU1.91b), 1.0500 (EU825m), 1.0625 (EU777.4m) Source: financialjuice.com

1 hour
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  • #8,722
  • Nov 20, 2024 2:35am Nov 20, 2024 2:35am
Quoting Js3mwtRc
The EURUSD pair briefly touched 1.0607 but couldn't maintain momentum and fell below 1.0600. The short-term bullish correction appears weak, and a sustained move above 1.0610 resistance is needed to target 1.0653. Support at 1.0565 is holding, but a break below could push the price to the lower channel boundary and potentially retest yesterday's low of 1.0523. Good luck and happy trading! Daily volatility (range) 51 pips Option expiries for Wednesday: 1.1160 (EU1.91b), 1.0500 (EU825m), 1.0625 (EU777.4m) Source:...
1.0565 I favor bears if it breaks down. Sells at around 1.0600 are having good results until now but it might extend higher so 1.0625/30 is where I'll look for more selling.
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  • #8,723
  • Nov 20, 2024 3:38am Nov 20, 2024 3:38am
new attempt to go for the weekly support
On the H1 this slight uptrend couldn't even break through the last resistance, it doesn't look good for the Bulls
  • #8,724
  • Nov 20, 2024 3:52am Nov 20, 2024 3:52am
This is what I look for today!

ECB President Lagarde Speaks

Not much volatility today so USD's strength amid geopolitics will continue to move the market.
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  • #8,725
  • Nov 20, 2024 3:55am Nov 20, 2024 3:55am
Quoting Polimini
new attempt to go for the weekly support On the H1 this slight uptrend couldn't even break through the last resistance, it doesn't look good for the Bulls
we are in a range so ping pong until breakout
Patience, Emotion Control and Discipline.
  • #8,726
  • Nov 20, 2024 5:40am Nov 20, 2024 5:40am
I smell bulls! I am exiting. Possible return towards 1.0600. Only a strong break out below 1.0523 will make sellers jump again.
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  • #8,727
  • Nov 20, 2024 6:30am Nov 20, 2024 6:30am
Quoting Js3mwtRc
I smell bulls! I am exiting. Possible return towards 1.0600. Only a strong break out below 1.0523 will make sellers jump again.
we're at the bottom of both the monthly and weekly ranges, we've been doing this for so long now. We need very strong Bears to get this thing lower.
  • #8,728
  • Nov 20, 2024 6:57am Nov 20, 2024 6:57am
Quoting Js3mwtRc
I smell bulls! I am exiting. Possible return towards 1.0600. Only a strong break out below 1.0523 will make sellers jump again.
Lagarde is on the way, you'll have your bears back soon I'm sure
Don't you know that I'm loco ...
  • #8,729
  • Edited 9:21am Nov 20, 2024 7:09am | Edited 9:21am
Quoting Polimini
{quote} we're at the bottom of both the monthly and weekly ranges, we've been doing this for so long now. We need very strong Bears to get this thing lower.
Probably tomorrow friday if pmi's come out red, bulls are escaping for the time being.
Or jobs tomorrow!
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  • #8,730
  • Nov 20, 2024 7:11am Nov 20, 2024 7:11am
Quoting RedAllOver
{quote} Lagarde is on the way, you'll have your bears back soon I'm sure
Maybe but not yet....
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  • #8,731
  • Nov 20, 2024 7:29am Nov 20, 2024 7:29am
Quoting Js3mwtRc
{quote} Probably tomorrow if pmi's come out red, bulls are escaping for the time being.
not sure if it's so much the bulls buying or the bears closing the shorts, i know i'm not helping the bears case
  • #8,732
  • Nov 20, 2024 7:32am Nov 20, 2024 7:32am
It feels to me like we have found some equilibrium in the market, struggling to see a meaningful dollar selloff immediate-term, definitely waiting for catalysts. Treasury Sec pick could weigh. Still have a core EUR short, but will only add if PMIs on Friday come in bad
  • #8,733
  • Nov 20, 2024 7:37am Nov 20, 2024 7:37am
If DXY remains bullish this morning I expect EUR/USD to breakthrough support levels with good sell opportunity.
  • #8,734
  • Nov 20, 2024 7:48am Nov 20, 2024 7:48am
Quoting dildobaggins
If DXY remains bullish this morning I expect EUR/USD to breakthrough support levels with good sell opportunity.
the way you talk it makes it seem it's the DXY that will make this pair go up or down, when the EURUSD makes almost 60% of the DXY
  • #8,735
  • Nov 20, 2024 7:57am Nov 20, 2024 7:57am
Quoting Polimini
{quote} the way you talk it makes it seem it's the DXY that will make this pair go up or down, when the EURUSD makes almost 60% of the DXY
DXY and Eur/Usd typically run inverse of each other. DXY already broke 7 day trading channel early this morning. If it continues momentum it could test previous highs 107 area and Eur/Usd may inversely test previous lows ahead of US labor data tomorrow morning. DXY breakout is just an early indicator. Although I am more bullish on Usd/Jpy than bearish on Eur/Usd and positions reflect such.
  • #8,736
  • Nov 20, 2024 8:22am Nov 20, 2024 8:22am
my day is done. see if you guys later or tomorrow.
  • #8,737
  • Nov 20, 2024 8:39am Nov 20, 2024 8:39am
Happy middle of the week mates, hope you are well and dancing, singing or what makes you feel better !!!


Quoting Js3mwtRc
{quote} Would like to join you but have to close, was trading from very early and my eyes hurt! I wish you good luck with your efforts! Stay safe!
Always a pleasure mate, and to you too, cheers buddy!!

Quoting johncen
{quote} we are in a range so ping pong until breakout
Amen !

Hence my buying time of the day has just begun !

Beware, this might hurt your eyes :

Buy stops
05450 05451 05452 05453 05454 05455 05456 05457 05458 05459 05460 05461 05462 05463 05464 05465 05466 05467 05468 05469 05470 05471 05472 05473 05474 05475 05476 05477 05478 05479 05480 05481 05482 05483 05484 05485 05486 05487 05488 05489 05490 05491 05492 05493 05494 05495 05496 05497 05498 05499 05500 05501 05502 05503 05504 05505 05506 05507 05508 05509 05510 05511 05512 05513 05514 05515 05516 05517 05518 05519 05520 05521 05522 05523 05524 05525 05526 05527 05528 05529 05530 05531 05532 05533 05534 05535 05536 05537 05538 05539 05540 05541 05542 05543 05544 05545 05546 05547 05548 05549 05550 05551 05552 05553 05554 05555 05556 05557 05558 05559 05560 05561 05562 05563 05564 05565 05566 05567 05568 05569 05570 05571 05572 05573 05574 05575 05576 05577 05578 05579 05580 05581 05582 05583 05584 05585 05586 05589 05592 05595 05598 05601 05604 05607 05610 05613 05617 05621 05625 05629 05633 05637 05642 05647 05652 05657 05671 05685 05692 05699 05718 05725 05732 05739 05752 05764 05785 05796 05797 05798 05799 05800
TP30 pips for each, going for another new high of the week!

Go Bulls defence mode !!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #8,738
  • Nov 20, 2024 9:18am Nov 20, 2024 9:18am
Next! 1 hour chart.
Attached Image (click to enlarge)
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  • #8,739
  • Nov 20, 2024 11:03am Nov 20, 2024 11:03am
The EUR/USD pair experienced downward pressure today. The US Dollar has strengthened against multiple currencies, including the Euro, likely due to a combination of factors such as interest rate expectations, geopolitical tensions, and overall market sentiment. While no significant economic news or events directly triggered this movement, the prevailing market conditions have contributed to the weakening of the Euro relative to the US Dollar.

For now, traders should keep an eye on the 1.0496 level as a key support zone. If the pair breaks below this level, it could signal further downside potential to 1.0482 and 1.0448. On the upside, 1.0538 and 1.0568 are potential resistance levels

It was a pleasure trading with you all, have a wonderful rest of the day!
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  • #8,740
  • Nov 20, 2024 10:33pm Nov 20, 2024 10:33pm
EURUSD bounced off the 1.0507 support level but failed to sustain momentum above the 1.0568 resistance. The pair is currently trading sideways in a range-bound manner. The bearish bias remains intact, with the next downside target at 1.0496. A bullish breakout above 1.0568 could invalidate the bearish outlook in short timeframes and push the pair towards the 1.0600 resistance level.

Good luck and happy trading!

Daily volatility (range) 53 pips

Option expiries for Thursday: 1.0700 (EU2.33b), 1.0690 (EU1.55b), 1.0600 (EU1.47b) Source: financialjuice.com

Significant news - US Initial Jobless Claims

1 hour
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