If you think oil is going up, sell Euro. Else buy Euro
- #223,544
- Edited 2:30am Mar 10, 2026 2:12am | Edited 2:30am
The push into the close yesterday was purely driven by Trump’s comments when he said the war would be over soon. That pushed EURUSD up to 1.1646. He probably doesn’t believe that himself — he just had to say it because the markets were sliding and he wanted to calm things down. I’m fine with that, because it gives me the opportunity to add to my short positions at higher levels, since I don’t believe the situation down there will be resolved anytime soon. The damage already done is substantial, and in the end Europeans will feel the consequences the most, especially since Europe is already structurally weakening.
That should continue to put downward pressure on EURUSD. Therefore, I will use any rallies for medium- to longer-term shorts, although short-term long scalps are not excluded. From a technical perspective, I expect at most a move toward 1.1660–1.1680 before it turns lower again, otherwise it could start falling already from current levels. My downside target is around the 1.1470 area. Given the current macro backdrop, it would surprise me if EURUSD managed to climb above 1.17. That’s my view.
That should continue to put downward pressure on EURUSD. Therefore, I will use any rallies for medium- to longer-term shorts, although short-term long scalps are not excluded. From a technical perspective, I expect at most a move toward 1.1660–1.1680 before it turns lower again, otherwise it could start falling already from current levels. My downside target is around the 1.1470 area. Given the current macro backdrop, it would surprise me if EURUSD managed to climb above 1.17. That’s my view.
- #223,549
- Mar 10, 2026 2:36am Mar 10, 2026 2:36am
- Joined Sep 2017 | Status: Trader | 11,291 Posts | Online Now
- #223,555
- Mar 10, 2026 3:41am Mar 10, 2026 3:41am
- Joined May 2014 | Status: Full Time Trader | 27,182 Posts | Online Now
Quick D1 Outlook According to my crucial level at ~1.1573 I am thinking out loud: If today's candle closes above 1.1573, bears will have a problem tomorrow because that level might turn back into support as it was before this week's gappy opening... Therefore, I want to see where current D1 candle will close tonight.. It matters! {image}
I am marking 1.1595 area as nearest support... Go bulls go!
Focus only on what truly matters!
- #223,557
- Mar 10, 2026 4:06am Mar 10, 2026 4:06am
{quote} H1: Now, after yesterday's D1 candle closed above 1.1573, today, I decided to keep buying dips... I am marking 1.1595 area as nearest support... Go bulls go!
... I thought you were a little bit infected by Bloodwish AKA we'll try it up and down and we'll hit the target somewhere 
... Stay good and trendy bro 
Nothing is impossible.
- #223,558
- Mar 10, 2026 4:12am Mar 10, 2026 4:12am
{quote} Finally, the trendy ATA is back
- #223,559
- Mar 10, 2026 4:21am Mar 10, 2026 4:21am
{quote} H1: Now, after yesterday's D1 candle closed above 1.1573, today, I decided to keep buying dips... I am marking 1.1595 area as nearest support... Go bulls go!
I mean, price didn’t stall long at 1.1666 on the way down. Why should it stall there on the way up?
When the trumpet sounds, you won't be able to hear the techno anymore.
- #223,560
- Mar 10, 2026 4:40am Mar 10, 2026 4:40am
{quote} Yes, go bulls go! I mean, price didn’t stall long at 1.1666 on the way down. Why should it stall there on the way up?
Nothing is impossible.