a short scalp here
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- #13,268
- Jun 11, 2025 10:59am Jun 11, 2025 10:59am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,502 Posts
The EURUSD pair experienced a significant surge after weaker-than-expected US CPI data was released, causing broad US Dollar weakness. The pair broke above previous resistance and is now testing the critical 1.1495-1.1500 major resistance zone.
Focus is on the 1.1495-1.1500 resistance zone. A decisive break above it implies continued strength, while rejection could lead to a retracement towards 1.1457 or 1.1425. The significance of the round number just above is suggesting caution on chasing the price immediately, but the fundamental catalyst is strong. 1.1513-50 and 1.1574 could be next.
News to watch next: US PPI
It was great sharing my views with all have a great rest of the day!
Focus is on the 1.1495-1.1500 resistance zone. A decisive break above it implies continued strength, while rejection could lead to a retracement towards 1.1457 or 1.1425. The significance of the round number just above is suggesting caution on chasing the price immediately, but the fundamental catalyst is strong. 1.1513-50 and 1.1574 could be next.
News to watch next: US PPI
It was great sharing my views with all have a great rest of the day!
Looking for profitable short term trades ...|
- #13,274
- Jun 11, 2025 12:55pm Jun 11, 2025 12:55pm
- Joined Aug 2024 | Status: Trader | 1,089 Posts
Each H1 candle has an upward body with a higher high and a Higher low. Bulls have pushed the price up and freeze
1.1490
current H4 open lvl, Above/below market is forming a bullish/bearish H4 candle.
1.1490
current H4 open lvl, Above/below market is forming a bullish/bearish H4 candle.
- #13,275
- Jun 11, 2025 5:06pm Jun 11, 2025 5:06pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,036 Posts
Patience, Emotion Control and Discipline.
- #13,277
- Jun 11, 2025 5:38pm Jun 11, 2025 5:38pm
- Joined Aug 2024 | Status: Trader | 1,089 Posts
bull is strong and if we take down 1.15 we should see 1.1560 next We have not closed a week above 1.14, not sure if we will this time {image}
Daily open lvl 1.1486 price above = long
- #13,278
- Jun 11, 2025 5:58pm Jun 11, 2025 5:58pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,036 Posts
{quote} They had the opportunity to lower the price but didn't take the chance, so the next move should be around 1.1560
Patience, Emotion Control and Discipline.
- #13,279
- Edited Jun 12, 2025 9:38am Jun 11, 2025 10:47pm | Edited Jun 12, 2025 9:38am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,502 Posts
The EUR/USD rose above 1.1500 in Asia and reached a high of 1.1528 after worse US CPI numbers. 1.1550 and 1.1574 resistance should be next if the 1.1495 resistance-turned-support holds and the pair continues to gain optimism. On the other hand, a drop below will open up 1.1477 and 1.1457, previous levels of resistance-turned-support.
Have a great day!
Daily volatility (range) 55 pips
Option expiries for Thursday: 1.1500 (EU2.71b), 1.1350 (EU2.1b), 1.1450 (EU1.66b) source: financialjuice.com
Significant news - US PPI, Unemployment Claims
4H
Have a great day!
Daily volatility (range) 55 pips
Option expiries for Thursday: 1.1500 (EU2.71b), 1.1350 (EU2.1b), 1.1450 (EU1.66b) source: financialjuice.com
Significant news - US PPI, Unemployment Claims
4H
Looking for profitable short term trades ...|
- #13,280
- Jun 12, 2025 12:16am Jun 12, 2025 12:16am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,502 Posts
I used the site's calendar for this report 
Watch for geopolitical news on news feeds only as they can override calendar news.
Watch for geopolitical news on news feeds only as they can override calendar news.
Looking for profitable short term trades ...|