EURUSD

1.0871 1.0875

No gaps.

Cable at 1.5155 1.5165

-31 pips

im just fooling around deylon

good luck

Usdjpy?

i have this. and like u i dont have the best usdx here. this one has 112 as a min target. it never got to lm (yellow) at 100.53, but close. the march/april red pa may have some support here..how strong is the question. mid in blue about 25 years worth at 95.86

using month tf closes and highs seem to respect.

118.81 118.88

There will be a gap down to 1.0858.

you are right about the gap down

I'm no going to trade E/U at these levels. If we can get a pullback to 1.0790 maybe.

gap down? no gap up to 0874?

Thanks!

month and 1/4 close above the 25 year mid

0867

then 0961.7

EURUSD
Fundamental:
This week will be full on in terms of data releases namely US GDP and Interest rate also Germany Unemployment numbers and CPI.
We have talked about the speculation around timing for US rate hike before and we are currently under the same uncertainty, U.S data lately as been slightly disappointing hinting on slower growth and adding further concerns on overall performance of the U.S economy and this is the scenario supporting further correction.
On the other hand Greek tensions amount as a deal is still far from reached but I think that Germany will try everything to avoid worst case scenario which is Greece leaving Eurozone.
In any case best strategy to trade this pair is to make sure we get best R:R possible entries whether short or long at technically significant levels and there are quite a few worth mentioning.

Technical:
Trend is down but direction is up atm ! You will find very similar situation with most USD major pairs, forming patterns that will be completed soon, whether that will mean resuming main trends, we will let PA confirm this.
Last week we had EURUSD ABCD H4 down, market only completed .618 minor extension and came back up closing above WPP and MPP, also breaking the trendline on H4 and with that an indication that upside is not finished yet. Recall that 1.09 area was one of the levels under watch, had price closed below MPP by a strong reversal D1 candle and I wouldn't think more upside was possible because that level is .707 Ret D1 + 1.27 Extension H4, so, good confluence for shorts. The following PA looks more like bounce and respect of this level rather than reversal. So for this week I will wait for pullback and retest of the 1.0809-1.0776 area to enter long, this level includes MPP, new WPP and retest of broken trendline. Good targets would be 1.0970, 1.618 Ext H4,+ WR1, on the break 1.1050 (invalidation point for Bfly Buy at 1.0290) and then 1.1100, 1.27 Extension Bfly Sell D1 and this move could extend to 1.1180 MR1 and 1.618 Ext same pattern. Red levels are good R:R for shorts and TP's.
Warning signs for the above scenario: Price formed negative MACD divergence on H4, so pullback is likely, ideally it should be gradual, choppy with no real acceleration because first bounce and respect already happened, so if I see otherwise that will make me think, also, price should form some kind of reversal pattern either candlestick or smaller timeframe pattern, ABCD or Bfly close to the area, MACD positive divergence on H1 will add points to setup.
Apply good MM and you should have a great trading week!

Were there really NO trades for a 10-minute stretch in NZD/USD? Or was it just some glitch with my broker? (I'm still trying to get the hang of how liquidity is measured, considering there's no central market.)

Always enjoy your analysis. Thank you.

Nice..

sloping reverse H&S on the daily chart..