EURUSD only

The US dollar index strengthened despite lower-than-expected US retail sales, resulting in EURUSD dropping across the 50-day MA on the H4 timeframe. Today, US data on unemployment claims to be concern.

Blue Vertical: London Open
Magenta Vertical: US Open

[quote=stevepatt;15280087] EUR/USD

Quick H1 Outlook

1. Price arrived at crossroads: I am now watching pa around 1.1512 area!
2. No new bearish breakout yet, and London has also not opened. It is better to just wait for this to get ripe.
3. Today, I stay bearish as long as H1 candles open below 1.1550 weekly resistance!

Morning Guys,

Based On H4 and H1

I am looking for a Short @1.15280 32% fib Retracement from 16th high's 1.16148 going above that i will consider bullish momentum again

Long Eurusd 1.15159

Short at 1.15121 SL 1.15991 -> H1 retracement: confirmed by H4 candle rejected by 9 EMA together with inverted hammer on H1. Go bears!

My 2 cents:

Fed most likely will not do anything today but the tendency of a rate cut is likely in 2025 September.
What if Powell drop a surprise bomb? Eurusd will spike up.

And USD is progressing towards a devalued dollar in the next 10 years.

Buy on dip for eurusd seems to be the right direction.
Furthermore, the options expiry at 10am NY time, we shall see a battle of higher price level. Tomorrow, the options price tilt higher, thus the directional bias.

Based on H1, I just sold 1.1509...

Add long at 1.1493

under what time frame ?

Moving stop to 1.1508 (+1 pip locked)

Nice price to enter. Well done.

IF any M15 candle closes above 1.1500, I will close this order...

Edit: Wow the current candle closed at 1.14992... I will still count it as bull power... I am out with +9.8 pips...

Re-entering short here at 1.1505....

@Ata i entered a long @1.15101 just before you entered the short, at least my pips are green now, still waiting for maybe 1.15280 - 1.1530 before resuming short in my opinion.
But wow i havent been trading long but Are we are seriously in No Mans land where a group like this has so many mixed signals?
Half are long and half are short WTF? its actually a bull and bear fight in one group. LOL

But all good

Happy trading and good luck to all,

Im also looking to go long looking at 1.151....But price can drop to around 1.15 first.

Looks like cat and mouse games for a while…

its just one of those tight ones again .. its only wise to hold on for any action but i am still expecting bearish strength. good trading to you all