Only EURUSD

Things look different now! Ill wait for a break and confirmation of either 1.1622 or 1.1669. Its not good to trade inside the range below resistance.

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1.1600 might give up now that 1.1622 support is broken. Then 1.1579 could be next to offer support, but for now selling at resistance is preferred.

Got stopped out again by the NY low break. Thats two nights in a row London has foiled by swing test. I'd say that little test is over! Back to intraday!

Now that it dropped bulls got stronger! Might stop trading for the week if price closes back above!

Looking @ 1.16376 for a possible trap for bulls

Nothing like the market laughing in your face, happy Friday.

Low risk short to the bottom to end the week. Keeping an eye on .618 FIB line (Asia low) as a possible exit to breakeven for the day.

Bears need a 1H close below 1.16348

Going down! I dont see any good trade here, the risk to reward isn't good for me so I will wait to see if we go back to 1.1579 (even if it's late to trade) and search for a trade there. It could be up or down, no preference, but should be well executed after a confirmation candle!

TP Hit!! Green to end the day/week! Grateful for that.

4H MACD/RSI hinting there might be more to the bear story.

Have a great weekend everyone!

It was a good week for the bulls but today they stumbled on a strong daily supply area and now we should wait for that area to show its value or clean and bulls continue towards 1.1728 resistance that still holds the downtrend from 1.1919 high.

Its time for me to close, I wish you a great rest of the day and week!

Hell of a range day! Hope everyone got a piece!

1H upward channel still intact

The EUR/USD closed higher this week, breaking the 1.1592 resistance and reaching the 1.1656 resistance level before it meets the 1.1669 high. Momentum stalled above the 1.1605 support, and the pair appears bullish in the short term, despite being inside a downside correction that could target lower levels like 1.1500.

If the bullish move continues to unfold above the current resistance, buyers should next target the 1.1700 and 1.1728 higher resistance zone. A more significant bullish move, especially fueled by news now that the U.S. government has opened and data is being released, could threaten the 1.1778 level.

Conversely, a break below 1.1600 and 1.1579 will open the way for sellers, and the price should subsequently meet 1.1529/41 or 1.1500.


Weekly volatility (range) 100 pips

Significant news - FOMC Meeting Minutes and EU & US Manufacturing and Services PMI.


Have a great weekend!

4H

4H / The pair has some decisions to make soon! 1.16680 for bulls seemed to fade as the week progressed. Some big miss US data could do the trick. A break of the upward channel could send us to 1.14687

1H / Price has some serious work to do to break 1.15630, two EMA's, big imbalance and a hefty 5 touch trendline.

15min / We created a new weak high and answered back with a new weak low, double top near the protected high 1.16560 with a bearish lean, minor CHoCH below

It's too close to call, I will enter the week with little bias and let the excitement/anxiety of economic news do its thing

Wednesday-Friday is going to be a trip. Goodbye sweet technicals.

In my opinion EURUSD is bearish.

The EUR/USD is trading near 1.1600 after it failed to rise above the 1.1625 resistance early at the market open.

Now, the pair risks a deeper decline if it continues its downward path towards the 1.1579 support. This could lead to 1.1563 and 1.1540 support levels if the drop is strong.

A break above the resistance would help the bulls revive the uptrend towards 1.1656/69 and 1.1700 if that resistance zone is broken.


Daily volatility (range) 46 pips


Have a great week!

4H

EURUSD H1
trendlines, and pattern

1.1580-1.16 support zone
If we stay above today's low (lower orange line) and we need to stay above 1.16050 = buy
pattern - falling wedge

Technical range (current)
The market is moving within the zone:
1.1580 – 1.1650
This is the main range, where the upper boundary = strong resistance, and the lower boundary = strong support.

DXY H1
rising wedge