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  • #8,981
  • Edited 6:11pm Dec 1, 2024 5:47pm | Edited 6:11pm
0527

and under that bear is in favour
Patience, Emotion Control and Discipline.
  • #8,982
  • Dec 1, 2024 8:50pm Dec 1, 2024 8:50pm
EURUSD weakened today due to strong US Dollar and expectations for stronger US economic data. Also Trump threatened with 100% tarrifs if BRICS create a new currency.

The pair is currently facing downward pressure. The pair is holding above immediate support at 1.0500. A break below this level could trigger further declines towards the weekly S1 at 1.0467 and 1.0448.

On the upside, resistance at 1.0580 is capping gains. A decisive break above 1.0550 could open the door for a move towards 1.0580 and 1.0597.

Happy week!


Daily volatility (range) 61 pips

Option expiries for Monday: 1.0625 (EU2.11b), 1.0700 (EU1.07b), 1.1075 (EU829.9m) Source: financialjuice.com

1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-12-02_06-47-49.png Size: 66 KB
Looking for profitable short term trades ...|
  • #8,983
  • Dec 1, 2024 10:32pm Dec 1, 2024 10:32pm
Hey mates, Good afternoon, Hope you all are well!

Based on H1, I am marking 1.0508, 1.0495, 1.0464 as supports, These supports are based on FIB, & Trendline resistance at here 1.0564, 1.0573 & 1.0601, Let's see what happens!

Have a nice monday!
Stop Procrastinating
  • #8,984
  • Dec 1, 2024 10:43pm Dec 1, 2024 10:43pm
Add 1.0537, 1.0541, 1.0549!
Stop Procrastinating
  • #8,985
  • Dec 1, 2024 10:44pm Dec 1, 2024 10:44pm
Quoting ahmerjamil
Hey mates, Good afternoon, Hope you all are well! Based on H1, I am marking 1.0508, 1.0495, 1.0464 as supports, These supports are based on FIB, & Trendline resistance at here 1.0564, 1.0573 & 1.0601, Let's see what happens! Have a nice monday!
Great week and month ahmer, good luck with your levels!
Looking for profitable short term trades ...|
  • #8,986
  • Dec 1, 2024 11:09pm Dec 1, 2024 11:09pm
Quoting Js3mwtRc
{quote} Great week and month ahmer, good luck with your levels!
Same to you sir!
Stop Procrastinating
  • #8,987
  • Dec 1, 2024 11:11pm Dec 1, 2024 11:11pm
Quoting ahmerjamil
Add 1.0537!
Very Juicyy!
Stop Procrastinating
  • #8,988
  • Dec 1, 2024 11:18pm Dec 1, 2024 11:18pm
wow no 0545-50 and straight down

i still expect 0545-50 before 0480
Patience, Emotion Control and Discipline.
  • #8,989
  • Dec 1, 2024 11:44pm Dec 1, 2024 11:44pm
Quoting johncen
wow no 0545-50 and straight down i still expect 0545-50 before 0480
My limit didn't triggered too. Lets see if it retraces or drops below 1.0500 now.
Looking for profitable short term trades ...|
  • #8,990
  • Dec 1, 2024 11:46pm Dec 1, 2024 11:46pm
Quoting Js3mwtRc
{quote} I filled a short at 1.05973 {image}
Took profits on this trade! Monday opened green lets see how it goes next.
Looking for profitable short term trades ...|
  • #8,991
  • Dec 1, 2024 11:46pm Dec 1, 2024 11:46pm
its time to buy only for EURUSD sir ?
  • #8,992
  • Dec 2, 2024 12:01am Dec 2, 2024 12:01am
Quoting Js3mwtRc
{quote} My limit didn't triggered too. Lets see if it retraces or drops below 1.0500 now.
indeed, second scenario if 0500 holds might be right shoudler of a inverted h&s.

though i prefer reloading shorts
Patience, Emotion Control and Discipline.
  • #8,993
  • Dec 2, 2024 12:16am Dec 2, 2024 12:16am
Quoting johncen
{quote} indeed, second scenario if 0500 holds might be right shoudler of a inverted h&s. though i prefer reloading shorts
Who knows! Lets play, come on bulls!
Looking for profitable short term trades ...|
  • #8,994
  • Dec 2, 2024 2:09am Dec 2, 2024 2:09am
French prime minister goes for vote of confidence on Wednesday and this is next > US ISM Manufacturing PMI

Nothing seems to favor eurusd for now.

It should oscillate between 1.0538 and 1.0496 until news later.
Looking for profitable short term trades ...|
  • #8,995
  • Dec 2, 2024 2:11am Dec 2, 2024 2:11am
Quoting Js3mwtRc
French prime minister goes for vote of confidence on Wednesday and this is next > US ISM Manufacturing PMI Nothing seems to favor eurusd for now. It should oscillate between 1.0538 and 1.0496 until news later.
Not sure how high we can bounce but I wanna short as high as i possibly can
Patience, Emotion Control and Discipline.
  • #8,996
  • Dec 2, 2024 2:19am Dec 2, 2024 2:19am
EUR/USD: If the 1.049 level holds, it may complete the formation of the right shoulder in an inverted Head & Shoulders pattern.
Success is not final, failure is not fatal... - Winston Churchill
  • #8,997
  • Dec 2, 2024 2:35am Dec 2, 2024 2:35am
Quoting johncen
{quote} Not sure how high we can bounce but I wanna short as high as i possibly can
For now its 1.0538 but bulls may have the chance to close the opening gap later. Don't know either but leaving time for the opportunity to knock the door.
Looking for profitable short term trades ...|
  • #8,998
  • Dec 2, 2024 7:13am Dec 2, 2024 7:13am
Quoting Js3mwtRc
EURUSD weakened today due to strong US Dollar and expectations for stronger US economic data. Also Trump threatened with 100% tarrifs if BRICS create a new currency. The pair is currently facing downward pressure. The pair is holding above immediate support at 1.0500. A break below this level could trigger further declines towards the weekly S1 at 1.0467 and 1.0448. On the upside, resistance at 1.0580 is capping gains. A decisive break above 1.0550 could open the door for a move towards 1.0580 and 1.0597. Happy week! ...
Only 1.0448 left to hit that's why I post to give you another support level in case it drops harder - 1.0425
1.0514 is resistance.
Looking for profitable short term trades ...|
  • #8,999
  • Dec 2, 2024 8:35am Dec 2, 2024 8:35am
The EUR/USD pair has been trading in a downward direction reaching a low of 1.0462

Several factors are contributing to this downward trend:

1. French political woes: Ongoing political instability in France is exerting downward pressure on the Euro.

2. Firmer US Dollar: The US Dollar has strengthened due to Trump's threat of tariffs on BRICS countries, which has made the USD more attractive to investors.

3. US ISM Manufacturing PMI data: Came mixed - above forecast for manufacturing but below for prices paid.

EURUSD is now stabilising but focus on the downtrend unless it rises above 1.0514. The target should be at least until 1.0435 with the risk it moves to 1.0425 support. A break below 1.0425 could lead to further decline. A move above 1.0514 might signal a potential reversal to 1.0538.

It was nice trading with you, have a great rest of the day!

1 hour
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #9,000
  • Dec 2, 2024 1:10pm Dec 2, 2024 1:10pm
My short got triggered last night and it went to 046x, very nice!

now it hit 0515, let see if this capped the bull and continue the trend down

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Patience, Emotion Control and Discipline.
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