EURUSD only

Short term, price is overbought in parts even heavily overbought. On the medium-term timeframe it has already moved slightly back into overbought territory, while on the longer-term timeframe it remains neutral. That creates a very mixed picture and, given the current environment, I prefer to stay on the sidelines for now.

Price has reached a strong resistance area (yellow circle), where the 200-day moving average sits around 1.1646, and where the 200 MA on the hourly chart is also essentially located. In addition, several trendlines converge in this area. I currently doubt that price will just break through all of this without a fight, which is why I’ve closed my longs.

At this point, I think a pullback toward the 1.1620 area (green box) is more likely. My two cents.

If 1646 is worth anything today, then 1590 and below is open. Technically, that's how it looks. D. Trump could ruin it all. On a side note, maybe there's some kind of D. Trump emotion oscillator

I smell a short towards 1.161 level

I was too optimistic despite the DXY; this will serve as a lesson. i think i close the position.

Same story as last week… As long as we stay below this major downwards trendline, we remain sells.

Lets see if asian can give me more… Might move to break even before bedtime, we will see … But no reason to overthink it.

Hopefully you moved it to BE

The current situation is a bit tricky and your interpretation will depend on how you drew on trendline. Did 4hrs break it or bounce from it?

Good morning. Once again, I wake up to see that the Asian session has delivered the biggest move of the day. It’s honestly getting frustrating and takes the fun out of it when the key moves happen during my sleeping hours (Central European Time), when I can neither monitor nor trade the market. That said, price has already printed a session high at 1.1673, rallying from a session low at 1.1633, all of it overnight. EURUSD is currently trading around 1.1660. Short-term conditions remain heavily overbought, and at the session high the market was even extremely overbought.

Despite that, the overall picture has clearly turned bullish, as price pushed straight through the heavy resistance zone around 1.1645 without much of a fight. I had expected a proper battle around that area, but the market chose otherwise.

The key question now is whether we get a pullback toward the former resistance, now support, around 1.1645, or whether price simply continues higher. Given the short-term overbought conditions and the fact that the 38.2% retracement of the drop from 1.1808 to 1.1578 sits at 1.1666, a pullback would be technically healthy. From that perspective, a short-term short could work here, but I’m going to wait a bit. If the bulls fail to print a new session high on the next push, I’ll look to short. If instead price pulls back to 1.1645 (green box) and that level holds as support, I’ll look for longs. That’s my plan for today. Good luck.

H4: Coming back to see that Asian session did it again and we have a breakout from my yellow triangle..

Therefore plan is simple: I stay bullish and keep buying dips..

Happy trading day folks

No i think it will not give even 10 pips pullback ,direct 1.17

Is this a up or a pullback?
I think it's a pullback.
I'll sell at the 1.1700 level.

Has Market sentiment been defined???
I think this is a rally to 1.17
The major trend still looks bearish so we might consider an accumaltion of sells and a breakout by tomorrow
My ugh....."two cents" ig

My two cents exactly

idk but I’m in on a long. I put my SL to BE so

it looks like the previous peak will be tested at 1.1700

H1: Before 1.1733 I have 1.1707 as a barrier... Now watch reaction!

1.1700 shuld stop this for minute

Sell 1.1695 sl and tp open for now

Okay, price is now extremely overbought. I’m going short. TP 1.1666.

Forgot post here on time

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