Quick H1 Outlook Below are my levels for the day and the places where I think bears or bulls can appear to be more aggressive.. As long as candles open below ~1.1758 bears will try to gain back power but they have to break below 1.1728 to seriously damage bull momentum. Bulls have to climb into the red zone to protect momentum and stay above ~1.1758 for a chance to reach 1.1793 area.. That's all for now... Happy Friday folks{image}
Today's bullish technical development seems to have gotten its impetus very specifically from a worse-than-projected initial jobless claims release at 8:30am Eastern. EURUSD bulls would do well to remember: 1) Since it's a weekly series, initial jobless claims data is noisy. 2) Chairman Powell has been clear in press conference after press conference, over many months, that there has been both reduced supply *and* demand in the labor market, and the rate cut outlook is muddied by this somewhat novel dynamic vs. prior labor market cycles. Translation:...
For today I have support in the 1.17163 region. {image}
I'm Aayush.j
