Only EURUSD

bear has to wait and let bull run for a bit

Yes I think the same.

I am locking for entry here any one can give me any suggestion

Below 1.1755 = caution with longs
But it only breaks bearish below 1.1710

1.1755= main barrier
1.1742 = trigger level (decision point)

Daily close is leaning towards bullish to me on lower tf aa above 1743.

first time since 21 Apr

Above 1743, 1724, 1717 then it is bullish on 1h

EUR/USD is trading with a neutral to bullish bias, holding above support at 1.1741 after pulling back from yesterday’s high of 1.1897.

If bulls can maintain momentum and retest the 1.1800 level, it could open the way toward the 1.1835/49 zone. However, a failure to hold these gains may result in a deeper retracement through 1.1741, potentially targeting the 1.1700-1.1675 range.

Daily volatility (range) 62 pips

Significant news - US Initial Jobless Claims



Have a great day!

update
The rejection on DXY at 97.93 looks quite nice for EUR longs, it’s just that EURUSD hasn't given a clean breakout yet. (1.1755)

97.66 on DXY

1. Short-term support
2. Intraday holding level
3. Potential higher low

If DXY stays ABOVE 97.66: There is still a chance for:

1. A rebound
2. A return to 97.93
3. Possibly 98.02+

And that would:

1. Create downward pressure on EURUSD.

i will start longing after we get a breakout of the triangle ... on daily we can spot a morning star candlestick formation on the 200 SMA which is a sign the bulls are ready to kick in ..

I’d be careful buying. Today, Iran will respond to the US proposal, and it’s unclear if they’ll accept.

Current state
bull remain in control

yes that's why i am waiting for confirmation

EURUSD is in a wait and see mode ahead of NFP tomorrow, but and also for an answer from Iran to US for a possible peace deal agreement that could send the pair above 1.1800. Traders should take profits or at least protect for all scenarios cause if volatility hits big moves above and below significant levels of support and resistance will happen.

Taking care any orders by being aware so I know what I'm doing without getting cought from the market. Take care!

Central Banks and Very Large Institutionally Deep Pocketed Market Movers don't give a shit about NFP or the Iran conflict to make investment decisions that play out over weeks or even months and some even years. They trade cycles of varying time horizon moving billions of dollars in and out of the markets and in particular E/U because of enormous liquidity and size. Current events 'speed up' the time horizon but in the end the elephants move markets to THEIR ADVANTAGE ALWAYS!

Breakout of the triangle is confirmed but i'm waiting for updates on IRAN conflict before longing

iran has rejected the proposal to reopen the strait of hormuz

which means NO longs for now

dxy
Currently DXY is practically:

1. Below 97.937 (R / flip level)

But at the same time, it is making:

1. Higher lows
2. A small ascending triangle/wedge

That is:

1. Short-term bullish pressure.

What is key right now 97.937
This is now the:

1. Trigger
2. BOS level
3. Reclaim level

If DXY breaks through 97.937 And especially:

1. An H1 close above
2. Not just a wick

It will likely go to:

1. 98.02
2. Then 98.25

And that would:

1. Create downward pressure on EURUSD.

The important thing is:
Whether the H1 candle closes ABOVE or BELOW 97.94

BUT
If it:

1. Holds above 97.51
2. Makes higher lows
3. Compresses below 97.87 / 97.93

Then the probability of the following increases:

1. An upside breakout.

eurusd h4
Most important right now On the H4:

1. The trend is not yet bearish.

But:

1. The breakout is also not yet confirmed.

Meaning:

1. Bulls still have a chance
2. But they need a reclaim above 1.1755

My view H4 currently feels more like:

1. Bullish compression below resistance

And that often:

1. Breaks out to the upside
2. OR results in a fake breakout and a hard dump

Therefore:

1. The H4 close at 1.1755 will be very important.

arriving support zone, maybe good rr to buy given liqudity is now taken. But it is Friday and yesterday closed back below 1743, so I dont know.

The EUR/USD pair dropped to 1.1722 after failing to advance beyond the 1.1785 and 1.1800 resistance levels. However, the 1.1700 and 1.1675/55 support levels are currently preventing a deeper decline driven by news and market positioning ahead of the weekend


Daily volatility (range) 73 pips

Significant news - US Nonfarm Payrolls & US Unemployment Rate



Have a great day!

H4 Update

So far:
DXY still cannot reclaim 98.17–98.28
Lower highs still exist
Momentum is weakening below resistance
Short-term: still leaning bearish / neutral

Positive for bulls
Holding above 97.80
Making higher lows from the bottom
Buyers are still defending support

Negative
Still below the H1 resistance band
H4 has not created a clean breakout
We don't have a confirmed bullish continuation

Right now it is:
H4 = range
H1 = squeeze below resistance
The market is waiting for an expansion move

If DXY:
Holds above 97.80
Makes higher lows
Does not fall back into a bearish impulse
Then the pressure on the resistance is growing.