Only EURUSD

Selling orders was aggressive below 0450 but take profits made it bounce! This is the easiest scenario to trade!

US news later may offer another good run.

The strategy for the next couple of days is to buy anything sub-1.04.

The Eurozone's economy is slowing down, according to recent data showing a decline in business activity. This isn't good news for the Euro.

Other factors affecting the Euro include the global economy and geopolitical tensions. Any instability in these areas can also negatively impact the Euro.

Selling is favored.

045 seems like a good price to sell again in theory
It is friday so people may want to close trades creating upwards pressure

A drop below 1.0400 is needed for 1.0330

Yes 1.0400 is above 1.0330 I know what you mean just joking with you. It is the weekend you know

Yes its the end of the week we are finally going to close, feeling tired so some joke is accepted. Makes me feel better!

can we see below 1.00?

If economic conditions get worsen yes why not!

I have to close for the week! Ongoing concerns about the Eurozone economy, including potential recession risks, have weighed on the Euro.

I'll be in for some min. tomorrow to share my weekly view, until Monday again, have a wonderful weekend with lots of fun! See you on Monday again!

Dear wonderful mates !

Just wanted to send you my deepest wishes for each and everyone of you !

The EUR/USD pair weakened this week as it traded near 1.0300. This decline was primarily driven by:

Strengthening US Dollar: Positive US economic indicators and the expectation of a less dovish Federal Reserve have boosted the US Dollar.
Eurozone Concerns: Economic slowdown and geopolitical risks continue to weigh on the Euro.

These factors have combined to put downward pressure on the EUR/USD.

Here are the key technical levels to watch for the EUR/USD:

Resistance Levels:
1.0496: A significant broken support level and a potential resistance zone.
1.0555: A stronger resistance level that could cap upward movement.

Support Levels:
1.0331: A crucial support level that could prevent further downside.
1.0222 - 1.0200: A stronger support zone that could offer significant buying opportunities.

Green pips!

Weekly volatility (range) 122 pips

Option expiries for Monday: 1.0425 (EU1.62b), 1.0485 (EU1.37b), 1.0440 (EU1.35b) Source: financialjuice.com

Significant news - US New Home Sales, US Initial Jobless Claims, US GDP QoQ, US Durable Goods, US PCE, German & Eurozone CPI'S & US Consumer Spending.

4 hours

Nice thread. EURUSD on London Session is great.

gap up
key resistance level 1.05

have missed 1.05, hopefully we will get there again

EUR/USD opened with a gap following the announcement that President-elect Donald Trump has chosen Scott Bessent as his nominee for Treasury Secretary. The market seems to have responded positively to the pick, as Bessent is perceived to take a softer stance on trade tariffs. However, uncertainty remains due to his alignment with Trump's "America First" agenda. For now, EUR/USD is expected to trade above the weekly pivot, targeting the 1.0555 resistance level. If it breaks below the pivot, however, the pair could move lower to close the gap.

Green pips!

Daily volatility (range) 56 pips

Option expiries for Monday: 1.0425 (EU1.62b), 1.0485 (EU1.37b), 1.0440 (EU1.35b) Source: financialjuice.com
1 hour

Monday opportunity can it close the gap and drop below to 1.0331? Will be nice!

would probably need some time to hit 0331 though might not be today

Probably. 1.0400 should resist a drop first. Good luck!