New Cable Thread & Other Pairs

This week the pair experienced a sharp decline, triggered by a hawkish FOMC. This move brought the price below the 1.0400 mark briefly. Following the drop, EUR/USD showed a strong recovery from the lows, climbing back to the 1.0450. This rebound suggests either profit-taking by sellers or renewed demand for the euro.

Currently, the pair is trading below the 1.0448/53 resistance zone, found support at 1.0424 and holding above the 1.0400/06/10 support levels. A break above the resistance could pave the way toward 1.0474/86 and potentially 1.0500/16. On the other hand, if sellers manage to push the price below the support levels, it could clear the path toward 1.0442/33.

This week will be shortened due to the Christmas holidays, with banks in Europe and the US either partially or fully closed. As a result, volatility is expected to be low, with smaller price movements likely. However, traders should remain cautious as choppy and sudden price action could still occur.

Happy weekend!


Weekly volatility (range) 100 pips

Option expiries for Monday: 1.0350 (EU3.47b), 1.0500 (EU2.22b), 1.0425 (EU1.62b) Source: financialjuice.com

Significant news - US Durable Goods, US New Home Sales & US Initial Jobless Claims

4 hours

EU weekly bearish
52, 104, 208 bands
1 2 4 years time
2nd chart line chart
EU monthly 4 8 16 years time path showed in the bands

Monthly chart looks interesting.

yes looks like we are in for a drop.

GU daily support not convincingly broken yet but also looks heavy. Given where DXY is
and still has room to close the gap at 109....USD stays strong for awhile yet.
There can be dramatic moves over the holiday period, AUDJPY january 2 2019, so take care.
DXY weekly

FTSE weekly and H4

GU weekly
GU H4

You may need a slight understanding of Uk Politics
but then again
Perhaps not

EURUSD

Focusing on the trendline from 1.0939 and at the fibos.



Then graph may differ from others but this is the case.

can you post this in our telegram room.... Thanks Ian

slight pullback and look for buys imo.... same 4 gu

I was thinking 1.0400/06/10 or 1.0385 for buys but it might ride at the opening so waiting!

Chart Speaks

Eurcad potential buy if retest from 49000 and shows bullish structure in smaller tf target will be close to 51500

Usdchf potentail buy if retest from 0.88500 and shows bullish structure in smaller tf
target will be close to 0.91500

Same opinion

It doesn't hit stoploss