EURUSD only

Long at 1.1439, no stop, will add if it falls further, target 1.1484 - short- and mid-term it builded many divergences.

Update: Added at 1.1419, BE 1.1429

Update II: Closed at 1.1434, +5 Pips, not convincing now flat and waiting

For the EURUSD pair, the price approached the lower boundary of the downward channel formed on the H4 chart during its bearish move. If the price bounces upward, the target for an upward pullback could be the resistance level of 1.1511.

H1: as long as wedge is not broken stay short... once it breaks, you might risk longs.. Keep it simple..

Happy trading day folks

Is the downtrend already over and are we about to see a rally? No, I don't think so.

What's still missing, in my view, is a final sell-off. So far, the decline has been relatively orderly, and that's usually not how durable bottoms are formed. Therefore, I stick to my view that 1.1355 remains my provisional downside target, after which the situation will have to be reassessed.

At the moment, EURUSD is in an oversold condition, with divergences appearing (H1 yellow line), suggesting a potential move higher. It's entirely possible that price first rebounds toward the 1.1460–1.1480 area. However, it's equally possible that, after a period of consolidation down here, the pair resumes its decline. Only a sustained move above 1.1484 (question mark) would materially change the overall picture, as that could open the door to a more prolonged rally.

Today is a holiday in the US and besides that it's friday, so don't expect much from it.

Short at 1.1462, will add if it raises, target 1.1440-30