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  • #10,081
  • Edited 11:51pm Feb 2, 2025 10:42pm | Edited 11:51pm
The EURUSD experienced a significant gap down, reaching 1.0211 following the introduction of tariffs by Trump on Canada, Mexico, and China. This move indicates not just a downtrend but a strong one, suggesting further declines towards 1.0200 and potentially down to 1.0177. Resistance levels are noted at 1.0270 and 1.0300. Although I do not anticipate the large gap closing today, there's always a possibility it might, so manage your risk accordingly!

Happy week!


Daily volatility (range) 54 pips

Option expiries for Monday: 1.0400 (EU1.82b), 1.0325 (EU1.49b), 1.0425 (EU1.02b) Source: financialjuice.com

4 hour
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2025-02-03_06-37-14.png Size: 88 KB
Looking for profitable short term trades ...|
  • #10,082
  • Feb 3, 2025 12:31am Feb 3, 2025 12:31am
Based on H1 nearest resistance at 1.0268 to 1.0303!
Stop Procrastinating
  • #10,083
  • Feb 3, 2025 2:06am Feb 3, 2025 2:06am
Long @1.0220 tp open sl open
  • #10,084
  • Feb 3, 2025 2:43am Feb 3, 2025 2:43am
Less than 24 hours left for Canada, Mexico & China to agree on Trumps terms! There is a possible de-escalation with tarrifs if these Countries agree today but we must have facts in our hands and Trumps plans are to put tarrifs on Europe too. So we might see a short term bounce towards the gap and then sell again.
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  • #10,085
  • Feb 3, 2025 3:51am Feb 3, 2025 3:51am
The Donald said there was nothing they could do to avoid the tariffs and that if they retaliate (they obviously did) he would increase the tariffs even more. But he also said there would be no tariffs if Canada became the 51st state. And he also said he wanted interest rates down and a weaker USD.
He is going to create something dangerous: inflation and a recession at the same time.

i would say this gap would be filled, but i don't know anything anymore. For now the big picture should be the pair going down i think.
Gold and crypto should be going to the moon, accepting all the money that is exiting the markets in panic.
  • #10,086
  • Feb 3, 2025 4:06am Feb 3, 2025 4:06am
Quoting Polimini
The Donald said there was nothing they could do to avoid the tariffs and that if they retaliate (they obviously did) he would increase the tariffs even more. But he also said there would be no tariffs if Canada became the 51st state. And he also said he wanted interest rates down and a weaker USD. He is going to create something dangerous: inflation and a recession at the same time. i would say this gap would be filled, but i don't know anything anymore. For now the big picture should be the pair going down i think. Gold and crypto should...
51st state! I think he is just becoming funny!

The market had its own rythem even with policie changes can move up or down fast for different reasons.
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  • #10,087
  • Feb 3, 2025 4:20am Feb 3, 2025 4:20am
1.0258 at least should be achievable, if it goes up or down from there may paint the picture. it's my bet for now in day trading
  • #10,088
  • Feb 3, 2025 4:23am Feb 3, 2025 4:23am
Quoting Polimini
1.0258 at least should be achievable, if it goes up or down from there may paint the picture. it's my bet for now in day trading
I'm all eyes and ears, tell me more master!
Looking for profitable short term trades ...|
  • #10,089
  • Feb 3, 2025 4:31am Feb 3, 2025 4:31am
Quoting Js3mwtRc
{quote} I'm all eyes and ears, tell me more master!
don't go by me, I'm not good at day trading.
In the bigger picture, inflation with tariffs in the US will not let them cut rates, and the EU in the other hand has a performance problem so they should continue to cut rates. The gap in interest rates should be taking us down. My 2 cents

but like you said the markets will still want to do their thing so up and downs on day trading.
  • #10,090
  • Feb 3, 2025 4:36am Feb 3, 2025 4:36am
Quoting Polimini
{quote} don't go by me, I'm not good at day trading. In the bigger picture, inflation with tariffs in the US will not let them cut rates, and the EU in the other hand has a performance problem so they should continue to cut rates. The gap in interest rates should be taking us down. My 2 cents but like you said the markets will still want to do their thing so up and downs on day trading.
Day trading is harder than longer term! I have best success with longer term trades.

Your views are correct and are matching with mine. Thanks for sharing! I'm not the only one who thinks the same
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  • #10,091
  • Feb 3, 2025 7:07am Feb 3, 2025 7:07am
1.034 next? but there's news coming
  • #10,092
  • Feb 3, 2025 9:11am Feb 3, 2025 9:11am
Quoting Polimini
1.034 next? but there's news coming
Only if a good mood agreement, profit taking or bad NFP payrolls.
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  • #10,093
  • Feb 3, 2025 9:21am Feb 3, 2025 9:21am
Quoting Js3mwtRc
{quote} Only if a good mood agreement, profit taking or bad NFP payrolls.
that gap is so seductive
i want to see this go up so i can sell some more. If it goes straight down after that gap it's not as appealing as a proposition.
  • #10,094
  • Feb 3, 2025 9:27am Feb 3, 2025 9:27am
Quoting Chicago-Greg
Long @1.0220 tp open sl open
closed 1.0310
  • #10,095
  • Feb 3, 2025 9:29am Feb 3, 2025 9:29am
Quoting Polimini
{quote} that gap is so seductive i want to see this go up so i can sell some more. If it goes straight down after that gap it's not as appealing as a proposition.
Waiting 'till tomorrow! I took profits today so I can afford to wait.
Looking for profitable short term trades ...|
  • #10,096
  • Feb 3, 2025 9:48am Feb 3, 2025 9:48am
eurusd H1
trendlines
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 196 KB
Trendlines H1,H4, SMC
  • #10,097
  • Feb 3, 2025 9:49am Feb 3, 2025 9:49am
i had a pending sell at 1.033, lets see what happens. If i do day trading I'm so bad at waiting.
  • #10,098
  • Feb 3, 2025 10:16am Feb 3, 2025 10:16am
Tariffs on Mexico paused for a month and scheduled talks with Canada for later today.
Strap in this is going to be on hell of a ride

Boring Biden i miss you.
  • #10,099
  • Feb 3, 2025 10:21am Feb 3, 2025 10:21am
Waiting for these scenarios but probable I will not be in to trade. Just sharing my view with all!

4 hours
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2025-02-03_18-20-04.png Size: 92 KB
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  • #10,100
  • Feb 3, 2025 10:22am Feb 3, 2025 10:22am
Quoting Polimini
Tariffs on Mexico paused for a month and scheduled talks with Canada for later today. Strap in this is going to be on hell of a ride Boring Biden i miss you.
He'll be back in two years!
Looking for profitable short term trades ...|
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