EURUSD

Maybe we could use the same superstitious sentence that many people still believe supposed to be the cause why Titanic sank: "Even God can't sink this ship!".. applied to EURUSD: "Even God can't bring Euro down!" lol... yeah I said it.. let's see what happens after now.. (Just kidding)

Stay Green

Lol. I was thinking while writing this, am I ringing the top of the EUR/USD? I did recently buy some to offset some USD positions so maybe - who knows???!!!

The EUR/USD pair has had a very strong month of May, reaching above the 1.12 handle. However, the last week of the month showed bits of exhaustion at the 1.12 handle. If we can break down below there, I think the market may very well fall, perhaps reaching towards the 1.10 level, and then down to the 1.08 level which would fill the gap that is shown by the pink circle on the weekly chart accompanying this article. With that being the case, I think that the market will find plenty of buyers in that area though, because of the technical analysis aspect of gaps. I believe that if we can break above the top of the candle for the last week of May, the market should then reach towards the 1.15 level which of course is the top of the overall consolidation area.
3 years of consolidation
The last 3 years have been consolidation, between the 1.05 level on the bottom, and the 1.15 level above. The market should continue to be volatile, but if we can break down I believe that the first week or 2 of the month could be negative for the EUR. Longer-term, I do believe that the buyers come back in and continue to push to the upside. This market has been very choppy overall, and I don’t think this month is going to be a whole lot different than the previous ones. , we are bit overbought as I record this but it’s only a matter of time before we continue the bullish push higher. If we did break above the 1.15 handle, the market should continue to go much higher but I do not expect that, there is simply nothing out there that will break us out of this range that I can see currently. We already know that the Federal Reserve is going to raise interest rates, so that is off the table.

As long as below 1.12520 SHORT! Going down here now... =D

Well, thanks for jinxing it.

That twas just a flesh wound! Haha...

markets are back in sync mode. 1st of the month of June. up or down first. london is the deciding factor.

Laters

Market buying dollar. Ahead of tomorrow's news. At least Asian. If U.K. Support it we might see some drop in EU.

Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP

eurusd hit 1.1252x, now i hope its free to go south

My Intraday Outlook.
(ahead London)

EUR/USD bounced again on TL and 1.1160-65 zone.
1.1250 expected to hold it as the last stronghold, but no consistent correction yet...
and no hope for major move until that big US data.
(ISM leading economic indicator)

Intraday resistance:
- 1.1250;
- 1.1280
Intraday support:
- 1.1220;
- 1.1190-99;

Range until US data. Spike after US data.
Simple as that.

Have a good trading day, you all!

Yes, especially against Yen .Maybe BOJ .......I do not know
I do not like it at all , wanted to sell this pair ......

bull set up at top still and very active , 2 legs more to decide success or crush at top possible . special care to limit 1.1205 if bull is in very hurry for early crush at near top or get through the target 1.1267 or 1.1300. if breaks then can expect for 1.1160/20 for next action bull. very tough target to reach the bull and at the same time no proper correction done for it , anyway anything can happen when it to happen with craziness or unconditional /incidental /stimulus packages or overwhelming over others weakness whatever we can name it. take care , fontu

BP took pr. here at 1.28 53 on 1/3 of positions.
for the rest SL at 1.28 90

No other pos. fttb ...

I just sold 1245 because mostly, i can't believe what's happening lol. Last try to sell this.

Target? because EUR/USD is range bound until US data ...and if US data will come out bad, euro bull will go crazy!

25 pip stop target...big. In my view either i hit it big from here or not.

get a triple top or success bull possible here . at the same time a round top for correction towards levels possible .fontu

Pending SHORT