EURUSD Sep. 2, 2021 - Elliot Wave Analysis, CMB, education.
Let's try to analyze market with EW CMB.
One of the most frequently pattern emerge in CMB.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
One of the most frequently pattern emerge in CMB.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
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That how it incorporates in other ta...
It is some lack of time according to my other ta patterns. We are facing crossroads in coming trading days.
It is some lack of time according to my other ta patterns. We are facing crossroads in coming trading days.
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Media talking about EURUSD.
Dollar weakens after U.S. payrolls miss
By Reuters
By Chuck Mikolajczak
"The dollar has been subdued on uncertainty over the path of Fed policy. Fed chair Jerome Powell said last Friday that while tapering of its stimulus could begin this year if job growth continues, the central bank was in no hurry to do so.
Rising COVID-19 cases in recent weeks have brought on concerns the economic recovery could stall. The jobs data will likely keep the Fed on hold.
“It’s the ultimate air cover, this is true air cover, they don’t have to do anything for a while,” said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.
“There is absolutely no reason for (Powell) to do anything with this except to say I told you so, and it certainly makes the September meeting a lot less climactic.”
The euro strengthened against the greenback following the report, touching a high of 1.1909 to match its best level since July 30.
The single currency has been supported by data earlier this week that showed regional inflation at a decade high and hawkish comments from European Central Bank officials ahead of a policy meeting on Sept. 9. ... "
Seems it will be a little surprise if we get back to 1.1720 first after such moods?
Dollar weakens after U.S. payrolls miss
By Reuters
By Chuck Mikolajczak
"The dollar has been subdued on uncertainty over the path of Fed policy. Fed chair Jerome Powell said last Friday that while tapering of its stimulus could begin this year if job growth continues, the central bank was in no hurry to do so.
Rising COVID-19 cases in recent weeks have brought on concerns the economic recovery could stall. The jobs data will likely keep the Fed on hold.
“It’s the ultimate air cover, this is true air cover, they don’t have to do anything for a while,” said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.
“There is absolutely no reason for (Powell) to do anything with this except to say I told you so, and it certainly makes the September meeting a lot less climactic.”
The euro strengthened against the greenback following the report, touching a high of 1.1909 to match its best level since July 30.
The single currency has been supported by data earlier this week that showed regional inflation at a decade high and hawkish comments from European Central Bank officials ahead of a policy meeting on Sept. 9. ... "
Seems it will be a little surprise if we get back to 1.1720 first after such moods?
Comment:
If we get there media will tell you that Average Hourly Earnings were much better than expected and that was the reason... there will always be excuses, you can be sure of that.
But, then, after the move.
But, then, after the move.
Comment:
What do you prefer for bottom...
- slightly above 1.17 ?
- slightly below 1.16 ?
Trade well and safe!
- slightly above 1.17 ?
- slightly below 1.16 ?
Trade well and safe!
Comment:
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In the course of time we will see how the wave analysis works or does not work.
The first thing we are waiting for is a reversal at the nearest resistance levels.
Trade well!