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  • #10,161
  • Feb 5, 2025 4:52am Feb 5, 2025 4:52am
Come on bulls give it up!
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  • #10,162
  • Feb 5, 2025 7:08am Feb 5, 2025 7:08am
8 min to news and bulls rushing north may shoot north if data not to good for us
  • #10,163
  • Feb 5, 2025 7:11am Feb 5, 2025 7:11am
Its time! ADP Non-Farm Employment Change
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  • #10,164
  • Feb 5, 2025 7:16am Feb 5, 2025 7:16am
Quoting Js3mwtRc
Its time! ADP Non-Farm Employment Change
That was strong!
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  • #10,165
  • Feb 5, 2025 7:27am Feb 5, 2025 7:27am
Quoting Js3mwtRc
{quote} That was strong!
strong data and USD still weak across the board
  • #10,166
  • Feb 5, 2025 7:55am Feb 5, 2025 7:55am
that H4 candle
  • #10,167
  • Feb 5, 2025 9:12am Feb 5, 2025 9:12am
US ISM mixed! EU strong up

1.0400 is holding. I don't think 1.0500 yet!

Edit: 1.0467/76 above 1.0435. 1.0400-1.0380 below.
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  • #10,168
  • Feb 5, 2025 10:49am Feb 5, 2025 10:49am
The EURUSD has continued its upward trend, surpassing the 1.0385 level today, driven by positive market sentiment amidst mixed news. The next resistance levels to watch are between 1.0467 and 1.0476, with a significant support at 1.0400.

Expect volatility to persist through tomorrow, but anticipate that the upcoming Non-Farm Payroll (NFP) data might consolidate any recent gains or losses, influencing the market's direction.

The potential for a trading deal between the US and China, or even just the resumption of talks, remains a key factor. However, any negative remarks from Donald Trump or Chinese officials could adversely affect the EURUSD.

It was a pleasure trading with everyone today. I wish you all a wonderful rest of the day!
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  • #10,169
  • Feb 5, 2025 10:46pm Feb 5, 2025 10:46pm
EUR/USD encountered resistance at 1.0442 yesterday, tumbling below the 1.0400 support level due to intense selling pressure, now eyeing further declines towards 1.0350 or even 1.0320. However, in the short term, the bulls could regain control, potentially pushing the price back above the 1.0400-1.0435 range in an attempt to surpass the recent peak.

Green pips!


Daily volatility (range) 79 pips

Option expiries for Thursday: 1.0200 (EU2.06b), 1.0500 (EU1.94b), 1.0250 (EU1.8b) Source: financialjuice.com

Significant news - US Initial Jobless Claims

4H
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  • #10,170
  • Feb 6, 2025 2:12am Feb 6, 2025 2:12am
Watching at the 1 hour chart the 1.0369 support level as it could give a bounce to 1.0400/06 or break down and open the way lower for 1.0350/20 if bulls are weak!
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  • #10,171
  • Feb 6, 2025 2:16am Feb 6, 2025 2:16am
So we are now on 1st support let's see how 1.037 holds
next support 1.035 area
  • #10,172
  • Feb 6, 2025 3:04am Feb 6, 2025 3:04am
Quoting Js3mwtRc
Watching at the 1 hour chart the 1.0369 support level as it could give a bounce to 1.0400/06 or break down and open the way lower for 1.0350/20 if bulls are weak!
Opened below so I suppose it will continue the move lower towards the targets mentioned on my previous post.
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  • #10,173
  • Edited 4:39am Feb 6, 2025 4:23am | Edited 4:39am
Good afternoon traders!

Technical Levels and Price Action:

  1. Key Levels:

    1. Resistance: 1.0424 (MACD line), 1.0458 (immediate target), and 1.0534-1.0575 (medium-term target).
    2. Support Levels: Immediate support lies at 1.0365–1.0350, a critical zone tied to recent corrections and bearish reversals. A breakdown below this could target 1.0304–1.0290 (long-term trend boundary).


  2. Fundamental Analysis and NFP Impact:
  3. Importance of NFP (Non-Farm Payrolls):

    1. Key Date: February 7, 2025 (tomorrow).
    2. Expectation: 154,000 new jobs, but recent jobless claims suggest the data might come in weaker.
    3. Impact:

      1. If NFP is better than expected: USD will strengthen, and EUR/USD could fall below 1.0365.
      2. If NFP is weaker: EUR/USD could break above 1.0458.


  4. Caution Ahead of NFP: Expect increased volatility and volume, so proper position sizing and risk management are crucial.

Conclusion
EUR/USD is currently at decisive levels, where NFP data and technical breakouts/breakdowns will determine the direction. Technical indicators suggest a bullish possibility, but the impact of NFP cannot be ignored. Traders should keep an eye on key levels and news events.

Stop Procrastinating
  • #10,174
  • Feb 6, 2025 4:25am Feb 6, 2025 4:25am
Quoting ahmerjamil
Good afternoon traders! Technical Levels and Price Action: Key Levels: Resistance: 1.0424 (MACD line), 1.0458 (immediate target), and 1.0534-1.0575 (medium-term target). Support: 1.0365 (critical support), 1.02194 (previous low). Fundamental Analysis and NFP Impact: Importance of NFP (Non-Farm Payrolls): Key Date: February 7, 2025 (tomorrow). Expectation: 154,000 new jobs, but recent jobless claims suggest the data might come in weaker. Impact: If NFP is better than expected: USD will strengthen, and EUR/USD could fall below 1.0365....
If there is any mistake in this analysis, you can tell me and correct my mistake, I will learn more like this!

Have a green thursday!
Stop Procrastinating
  • #10,175
  • Feb 6, 2025 4:52am Feb 6, 2025 4:52am
Quoting ahmerjamil
Good afternoon traders! Technical Levels and Price Action: Key Levels: Resistance: 1.0424 (MACD line), 1.0458 (immediate target), and 1.0534-1.0575 (medium-term target). Support Levels: Immediate support lies at 1.0365–1.0350, a critical zone tied to recent corrections and bearish reversals. A breakdown below this could target 1.0304–1.0290 (long-term trend boundary). Fundamental Analysis and NFP Impact: Importance of NFP (Non-Farm Payrolls): Key Date: February 7, 2025 (tomorrow). Expectation: 154,000 new jobs, but recent jobless claims...
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  • #10,176
  • Feb 6, 2025 4:55am Feb 6, 2025 4:55am
Quoting ahmerjamil
{quote} If there is any mistake in this analysis, you can tell me and correct my mistake, I will learn more like this! Have a green thursday!
Hi ahmer, its getting better! Just in what timeframe is the analysis?

Other calendars differ from Forex Factory's calendar that has a different number for NFP forecast - 169K, but that's to you!

Also it is good to share a graph with your analysis so traders can have a better view of your levels. Just my opinion, your tech analysis are great!
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  • #10,177
  • Feb 6, 2025 5:10am Feb 6, 2025 5:10am
Quoting Js3mwtRc
{quote} Hi ahmer, its getting better!
Good day sir
Quoting Js3mwtRc
{quote} Just in what timeframe is the analysis? Other calendars differ from Forex Factory's calendar that has a different number for NFP forecast - 169K, but that's to you! Also it is good to share a graph with your analysis so traders can have a better view of your levels. Just my opinion, your tech analysis are great!
TF: H4, Yes, I will also share the chart , In Sha Allah, & Thank you so much sir!
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  • #10,178
  • Feb 6, 2025 5:34am Feb 6, 2025 5:34am
Quoting ahmerjamil
{quote} Good day sir {quote} TF: H4, Yes, I will also share the chart , In Sha Allah, & Thank you so much sir!
No need for thanks, old chap. Just doing my duty. But if you must express gratitude, a martini, shaken not stirred, would do nicely.
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  • #10,179
  • Feb 6, 2025 6:26am Feb 6, 2025 6:26am
Quoting Js3mwtRc
{quote} No need for thanks, old chap. Just doing my duty. But if you must express gratitude, a martini, shaken not stirred, would do nicely. {image}

Quoting ahmerjamil
Good afternoon! Technical Levels and Price Action: Key Levels: Resistance: 1.0424 (MACD line), 1.0458 (immediate target), and 1.0534-1.0575 (medium-term target). Support Levels: Immediate support lies at 1.0365–1.0350, a critical zone tied to recent corrections and bearish reversals. A breakdown below this could target 1.0304–1.0290 (long-term trend boundary). Fundamental Analysis and NFP Impact: Importance of NFP (Non-Farm Payrolls): Key Date: February 7, 2025 (tomorrow). Expectation: 154,000 new jobs, but recent jobless claims suggest the data...
Immediate support lies at 1.0365,1.0350, while resistance is seen at 1.0400. A break below 1.0350 could accelerate selling toward 1.0290, 1.0300, whereas a rebound above 1.0400 may target 1.0440, 1.0458!
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  • #10,180
  • Feb 6, 2025 7:17am Feb 6, 2025 7:17am
Buy 0352 - 0362, TP before 0418
Holy Betting Grail strategy
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