EURUSD

what just happened! a big spike!

True rejection of just fakeout???
Lets see later

Is anyone actively using FRVP here (Fixed Range Volume Profile) as a core part of your strategy?
Hopefully someone can share some idea about it..

Daily . --- Shorted as shown . Very strong move . . .

BP 4H. --- Short here , too. --- Great divergence. . .

Had to switch forums cause Ata banned me from "EURUSD only" cause hes a manchild. This was my setup for the day. It was a perfect H4 retracement. I was in from the initial break and bull flag but moving SL to BE I was stopped out and set a buy limit order at 1.09177, the golden ratio. Because of spreads, I was actually filled at 1.09166. Results are on my trade explorer. Cheers.

wise tariffs
And why was necessary to drop EURUSD to parity in winter?

ata banned me too that guy s something else lol

Self proclaimed “professional trader”, with 0 trade explorers. Clearly not a profitable trader after doing this for how long? Using his forum as the judge jury and executioner to whom ever doesn’t suck his balls. Actual clown. I remember when he did his Atas Trendfinder and had to quietly remove all traces after he was instantly in loss and never recovered or butchered his positions completely. Running 47 trades in a day, 1 pip per trade. Dogshit trader.

31% tariff for swiss watches. Then if Rolex Oyster was $5,000 in retail in the US, with the tariff it will be $7,500? The vendor will get his $5,000 anyway. Is it CHF or EUR.

eur/usd was a great swing

The EURUSD price action on the daily time frame is bullish. On Thursday and Friday, the price action printed relatively big bullish candlesticks. This was opposed to the doji-like candlesticks printed on Monday through Wednesday. The bullish candlestick printed on Friday retested the 1.14700 horizontal resistance area before snapping back. The long wick on top of the bullish candlestick printed on Friday indicates that bears are resisting further northward drive.

I may be wrong. Trade safe and prosper.

KP

Lucky I didn't hold over the weekend, I made atleat one good decision to exit the trades before the close, from within my tilt mode I made one good decision that I am happy for, I have prepared some tools in place to try to prevent tilt mode, that stops me from placing trades after a loss and exits all trades and locks me out of MT5 making it tremendously hard to get back into MT5 if I have a 2% drawdown. I also listened to some videos on revenge trading and prepared some hypnosis videos on revenge trading to help get my psychology in order before trading. I am in this to learn a new skill and I feel psychology is where it's at because the worst kind of loss can come from poor psychology (tilt mode) as would have happened had I held over the weekend (and I would have been stressing all weekend which would have not been pleasant, I want a happy life too).

EU is currently finding support at monthly support 1.1260s, there's also the weekly support nearby at 1.1240s, price has to break and base below on both time frames for bears to try taking controlling toward lower support levels. Of course, the focus now will be at weekly support, for this and next week too since the month is still early to end to really watch the monthly support price level mentioned above...but keep it on mind.

The EURUSD price action on the daily time frame went sideways at the 1.13908 intra-day horizontal resistance after a bullish drive above it. Nevertheless, we may still see further northward move before a southward rotation.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

EU heading to target monthly previous resistance now support 1.1290s. Weekly close seems too bearish too which might turn this level to resistance again. Let's wait and build on what happen...

As the European trading week progresses, all eyes are on the final release of the Harmonized Index of Consumer Prices (HICP), though expectations suggest no significant deviation from the preliminary figures. Markets are also closely watching European Central Bank (ECB) President Christine Lagarde’s scheduled appearance during the EU leaders’ summit, as her remarks could provide fresh insight into monetary policy direction. Across the Atlantic, the Federal Reserve is anticipated to keep interest rates unchanged amid lingering inflation concerns and ongoing economic uncertainty. Market participants will pay close attention to the Fed’s Summary of Economic Projections (SEP) and the dot plot, as these elements may reveal deeper insights into the central bank's long-term economic outlook and rate trajectory. Adding a positive catalyst for the euro, Germany’s parliament has approved an expansive spending package aimed at reviving investment in the eurozone's largest economy. This fiscal stimulus, valued in the hundreds of billions of euros, could serve as a much-needed tailwind for the shared currency after years of economic contraction.

Technical Analysis of EUR/USD:

The EUR/USD pair briefly surpassed last week’s high near 1.1577 but lacked the bullish momentum to secure a decisive breakout. The pair pulled back to 1.1574 after reaching an intraday high of 1.1550, eventually closing modestly higher near the 1.1400 level. Resistance remains strong at 1.1600, a level unlikely to be breached without significant bullish drivers. On the downside, key support lies at 1.1309; a fall below 1.1300 would indicate fading upward momentum. The price action remains choppy, creating a mixed technical outlook. However, the euro is showing signs of a firmer underlying tone, which may pave the way for a broader trading range, likely between 1.1300 and 1.1450 in the near term.

The EURUSD price action on the daily time frame turned sideways after a bearish drive to the 1.13600 horizontal support. We may still see further southward drive of price action.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

EU bounced from said support but it couldn't hold much coz weekly and monthly is too low as said before... Now be ready for an easy fall to 1.10