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- #14,962
- Jul 24, 2025 7:10pm Jul 24, 2025 7:10pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
Patience, Emotion Control and Discipline.
- #14,963
- Jul 24, 2025 8:43pm Jul 24, 2025 8:43pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
The EUR/USD dropped before 1.1800 yesterday on profit-taking and is now looking lower again towards the strong support level of 1.1700/11. If it manages to stay above this, then the 1.1788 high will be targeted with scope to break and reach the 1.1800/29 resistance. If it fails at the round number, then the 1.1678 support should be the next area sellers will target.
Have a great Friday!
Daily volatility (range) 58 pips
Option expiries for Friday: 1.1800 (EU2.48b), 1.1745 (EU1.19b), 1.1000 (EU1.14b) source: financialjuice.com
Significant news - US Durable Goods
H1
Have a great Friday!
Daily volatility (range) 58 pips
Option expiries for Friday: 1.1800 (EU2.48b), 1.1745 (EU1.19b), 1.1000 (EU1.14b) source: financialjuice.com
Significant news - US Durable Goods
H1
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- #14,964
- Jul 24, 2025 8:44pm Jul 24, 2025 8:44pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
EU at key support usdx at 97.60 also critical we may bounce here or break below. {image}
Green pips!
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- #14,965
- Jul 24, 2025 9:00pm Jul 24, 2025 9:00pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
{quote} Bouncing! Lets see if 1759 can keep it or not now!
let see
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- #14,966
- Jul 24, 2025 9:29pm Jul 24, 2025 9:29pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
{quote} yes i have closed my long too soon 1732 remain supporting but i guess we may get to 1722 or lower to find support. let see
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- #14,967
- Jul 24, 2025 9:34pm Jul 24, 2025 9:34pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
{quote} Looks weak but its early yet to say. I was thinking it will drop around 1.1620. Friday anything might happen!
but look at the bounce yesterday, anything can happen until it plays out.
but for now i might try not to buy
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- #14,968
- Jul 24, 2025 9:38pm Jul 24, 2025 9:38pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #14,969
- Jul 24, 2025 9:43pm Jul 24, 2025 9:43pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
Patience, Emotion Control and Discipline.
- #14,970
- Jul 24, 2025 9:48pm Jul 24, 2025 9:48pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
{quote} yea if break below 1710 1700 then it should go further south. but look at the bounce yesterday, anything can happen until it plays out. but for now i might try not to buy
Trump was soft on his pal - Powell yesterday and dollar is strong today!
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- #14,971
- Jul 24, 2025 9:57pm Jul 24, 2025 9:57pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
{quote} What's your H&S target? Trump was soft on his pal - Powell yesterday and dollar is strong today!
what i would be keen to know is i need 1732 to be cleared (usdx back above 97.60)
and later on if we close the week back above 97.70 i think next week it might go higher.
but nothing is confirmed yet
Patience, Emotion Control and Discipline.
- #14,972
- Jul 24, 2025 9:59pm Jul 24, 2025 9:59pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
Federal Reserve Policy Meeting Next Week: The Fed is widely expected to keep interest rates unchanged. While markets are pricing in 43 basis points of rate cuts by the end of 2025 (with reductions expected in September and December), the immediate "no change" stance next week removes a potential hawkish surprise for the dollar. Furthermore, the softening stance from President Trump on Fed Chair Powell reduces political uncertainty that might otherwise weigh on the Fed's independence and potentially force a more hawkish tone. The market is giving a 95% chance to the Fed standing pat in July.
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- #14,973
- Jul 24, 2025 10:04pm Jul 24, 2025 10:04pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
{quote} i dnt see a h&s at this stage yet what i would be keen to know is i need 1732 to be cleared (usdx back above 97.60) and later on if we close the week back above 97.70 i think next week it might go higher. but nothing is confirmed yet
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- #14,974
- Jul 24, 2025 10:18pm Jul 24, 2025 10:18pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
{quote} Ok. Will wait too!
i could be wrong and wanted to kick my ass later
Patience, Emotion Control and Discipline.
- #14,975
- Jul 24, 2025 10:23pm Jul 24, 2025 10:23pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
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- #14,977
- Jul 24, 2025 10:30pm Jul 24, 2025 10:30pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
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- #14,979
- Jul 24, 2025 11:11pm Jul 24, 2025 11:11pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
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- #14,980
- Jul 24, 2025 11:31pm Jul 24, 2025 11:31pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts
{quote} bull is stubborn but i m reluctant to go long i could be wrong and wanted to kick my ass later
Patience, Emotion Control and Discipline.