Monthly support for bulls if holds we can see some strong action to the upside but still no sign of that. Bears shud press futher to active stop loss orders under 1.08 lvl seems. Closed minor short form yesterday and will be closely watch PA for further direction hints. Cheers!
Minor tf's shows us we are in preparation of a big move up or not? The main problem for eur as a currency - we have crowd on the buy side, - we have monthly trendline at 1.0874-54, - US equities market can switch to a bearish market day-by-day, slow diving. - eur still can't move above key 1.0967 lvl and attack upper lvls - big problem imho. That's all can ruin...
TTFN
So, we are in a range 1.0967-1.0917 followed by 1.1067-1.0841. That is seems for Monday more than enough. A little been overcrowded long eur short usd positions, that can bring us at 1.0917 and mb even 1.0841 today, before new longs can be established. I will risk to play downside with tight stop. Anyway pls apply your own strategy and MM rules.
1.1147 1.1069 [1.0960 main reistance Resistance 1.0950 Support 1.0921 key 4 bulls atm, until above there is a risk of further upside 1.0836 1.0825 1.0780 main monthly support TTFN.
Horizontal support 1.0786 Falling downtrend line is 1.0960 Fed is printing - this is in MT is dollar negative. First of all I want to see how 1.0960 lvl acts then take action... Upside still more interesting, but bulls shud overcome 1.0960 to structure any longs from here, untill that scalp sell against 1.0960 cud be the game in town from steel dragons. Powel...
Support 1.0831/1.0815 main Resistance 1.0886/1.0915/1.0960 main Frankly I do not know where it will go also as many others ... :))) Follow the lines seems. TTFN.
Resistance main one at 1.0880 next is 1.0960-70 as yesterday Support 1.0827 and main at 1.0807-00, if broken to the downside than we can see sharp fall till previous low slightly above 1.06 lvl. Use MM and apply your own trading rules in any case. Cheers. TTFN.
EURUSD break resistance and imho we are heading to the next resistance at 1.0960-70. 4bulls playground seems to buy above 1.0849 with tight stop 4bears to sell under 1.0830 or at 1.0960-70 already, something like that.. anyway apply your own MM and trading rules in any case. TTFN.
Short setup - sell at 1.0967 and under previous low to tgt 1.0640 again. Stop depends on your personal MM rules. I think to use close one with manual execution. Long setup - buy above previous low and above 1.0974/84 to tgt 1.10. Stop rules the same as with short setup. TTFN
Yesterday we try to look at the market from MT perspective Now it is time to look inside daytrading to get more closer look to key lvls. As you can see it is very simple ... Bulls control it until it holds 1.09 lvl with main interest to break 1.0970 and go higher Bears shud break lower band 1.09 to have opportunity to target 1.08-1.0784. GL TTFN
Key lvl 1.0954, seems best way to plan next move?
Market starts to look at 1.15 lvl again and this positive for eur next turn lower, cus trading of this days is to trade against main view and against MT players. Still sceptical about eur in current conditions and will try to sell upticks. Pls apply your own analytics in any case during trading. TTFN.
TTFN.
Until we trade above 1.08-1.0818 lvl it is still bullish setup with much more potential rally ahead. Price 1.0888 atm, closed my previous long eur trade at 1.0884 and wanna catch bottom price at 1.0818 if seen... TTFN