Only EURUSD

same here been missing from forexfactory for a bit glad to see familiar faces

The EUR/USD dropped below 1.1700 after the 1.1719 level gave way, and it is now trading toward the next support zone at 1.1667/64. If a breakout occurs, further support is located at 1.1640/33 and 1.1610/00. Conversely, reclaiming the 1.1700 psychological handle and advancing above 1.1719 would open the path toward the 1.1762 resistance level.


Daily volatility (range) 47 pips

Significant news - EU/US PMI'S & US Initial Jobless Claims


Have a great day!

4H

update

EURUSD H1
If we move above the red line:
Short momentum is weakening
The trend is not changing yet

We need: Horizontal levels for confirmation

DXY holds above 98.25
EURUSD:
Downward pressure continues
1.1730 / 1.1700 at risk

update2
eurusd h1

What just formed (H1) That white formation:

1. Rising channel (bullish pullback)
2. Created after a strong dump
3. So far, only a correction in a downtrend

Key Level

1. S: 1.1690–1.1700 (previous low)
2. That is:
3. Last swing low
4. Bottom of the structure at the same time
5. Potential liquidity pool

As long as the low holds:

1. The channel is alive
2. Possible push up (retest 1.1720–30)

Break of the low (1.1690):

1. The channel breaks down
2. Continuation down
3. Target lower (1.1670 / 1.1650)

This channel is:

1. Against the main trend (down)

Therefore:

1. It’s not a classic long setup
2. Rather:
3. Bear flag / continuation pattern

EU pmi's are coming out red, eventually the bottom (1.1692) will break but watch US pmi's later after the US opening.

slowly but steady! We are getting there

update
Holding today's low = may cause a pullback

I don't think that this move is a trend change yet but just a hunt higher for more shorts below structural 1.1762 resistance. A better price targeting a possible break towards 1.1610/00 if 1.1667/43 gives up sometime.

evening update
Today's top (EURUSD) is the resistance; if we close on H1 and hold above this level, our BOS down becomes invalidated.

DXY – today’s low S: ~98.25

1. Intraday support
2. Reaction low
3. Bottom of the short-term structure at the same time

Why it is important Because:

1. DXY holds support → EURUSD has trouble rising
2. DXY breaks support → EURUSD goes up Inverse correlation

Scenarios
Support holds (98.25) Expect:

1. Bounce on DXY
2. Continued downward pressure on EURUSD

Support breaks

1. H1 close below 98.25 Then:
2. DXY weakens
3. EURUSD has room to go:
4. 1.1720 → 1.1750

eurusd and dxy h1

EURUSD H1 Dynamic support Currently:

1. Price reacted exactly on it
2. Still holding the short-term structure

DXY H1 Dynamic resistance Currently:

1. Price is testing it
2. Growth is slowing down

The EUR/USD is trading with a bearish bias toward the 1.1667, 1.1647/43, and 1.1615/00 levels, as the 1.1700/19 resistance zone continues to hold the downtrend firm. Should a bounce occur from lower levels and the pair breaks higher, there is scope for it to test the 1.1750/62 upper resistance zone.

Daily volatility (range) 50 pips


Have a great day!

4H

update
still valid - yesterday's low

Current Resistances (H1) EURUSD
R: 1.1700 (psychological + intraday)
R: 1.1717 (local swing high / key level)
R: 1.1728 (higher supply / target)

What must occur for a LONG scenario

The correct sequence:
Break 1.1700
Continuation above 1.1717
H1 close above it
Ideally, the retest holds
Then:
BOS UP on H1
Direction: 1.1728+

Current State
Support: functioning
Trend: still bearish
Decision: 1.1717

Key Levels DXY
R: 98.45 – 98.60 (main supply / H4)
S: 98.23 (break level / flip)
S: 97.80 – 97.40 (base move)
What is decisive now
Reaction to 98.45

I am locking for trade here

1.1716 is stopping an extension of a correction to 1.1747/62.

A break below 1.1698 should continue lower towards 1.1667 again.

update
EURUSD H1 – Current Status

1. Price: ~1.1708
2. Key levels:
   1. S: 1.16940
   2. R: 1.17170

Above 1.16940:

1. Buyers in control (short-term)
2. Potential for another push higher
3. Below 1.16940:
4. Channel breakdown
5. Reversion to downtrend
6. Targets: 1.1680 → 1.1668

Bullish Scenario

1. Holding 1.16940
2. Break + close above 1.1717
3. Then: CHOCH UP
4. Targets: 1.1740 → 1.1760

Bearish Scenario (still valid!)

1. Reject at 1.1717
2. Break below 1.16940
3. Downtrend continuation
4. Targets: 1.1680 → 1.1668

UPDATE DXY

still below 98.45
98.45 = Major Resistance
98.23 = support / reaction zone

I win

nice, that's all that matters. Btw as long as the l's don't compare

The EUR/USD stalled just below the 1.1800 psychological level on Monday and dropped to 1.1669 later in the week, before recovering on Friday following risk-on news to move back above the 1.1700 round number.

In the short term, the bearish correction should maintain a neutral bias above 1.1669 next week however, the longer-term bullish trend remains intact, targeting the 1.1790 - 1.1800 zone and the 1.1849 resistance level. Conversely, a continuation lower below the weekly low will open the way toward 1.1643 and the 1.1600/15 support zone.


Weekly volatility (range) 100 pips

Significant news - US Durable Goods, US Interest Rate Decision, ECB Interest Rate, US Initial Jobless Claims, US GDP QoQ, & US PCE.


Have a great weekend!

4H