well everyone seems bearish... imho it is nice setup to tgt 1.1343 till the end of the week.
Market wanna hunt for Nordea stop loss in this pair seems. TTFN.
Key lvl imho 1.1226 Still think we have a chance to break higher till key daily 1.13-1.1346 lvl, but market trying to sing lullaby and moods are neutral. Defensive startegy in this case to buy on breakout or to sell against 1.1226 if you think it is bear future for this pair.
Looking on lower tfs you can decide to sell here above 1.12, but there is an opportunity to sell a bit higher for bears imho... This is 1.13 lvl. What is also interesting that this is crucial resistance nowdays and sharp break shud lead to the same pa as we seen before this monday. No one ready and everyone trying to say something. Resistance...
Technically we are ready to take off. Ticket to the moon? Jonhson, if i know. TTFN.
Boring summer trading indeed. TTFN.
Currency wars - who is the best in the game of "Weak currency show". Popcorn pls. TTFN.
As expected States are not happy with such buck strenght and start verbal intervention. Close above R3 will lead to a bullish structure with H&S seems and more upside after. TTFN.
So, NFP above expectations and fiber break thru main trchn support at 1.1249. From tech point of view we have plan B activated with main resistance at 1.1249-60 and tgt at year lows... Beware wicked witch (aka D.T.) he can change everything in a moment... :))) Anyway, untill we stay under 1.1249 it is bearish, if bulls regain this lvl imho it is extra bullish time...
Seems follow throw will be the same as range is atm - slow and boring. Fiber? No. Turtle.
We bounce today from ideal support for bulls, now let's watch how 1.1324-26 lvl is doing, shud be key for ST direction. TTFN
So, finally fiber get down to 1.1296 ... healthy correction in fact, but now if bulls wanna see it up then must to protect as we map it before. Technically nice setup for bulls with 1.1296/1.1280(ideally) long setup with last fort at 1.1250-60 region aiming 1.1560/1.1741 Loss of 1.1260 around or daily close under shud lead to year lows again.
EU - Italy debt talks, US-CH trade wars, still not dovish as everyone and his mom expect to see FED and still negative fiber carry. Hard to expect a lot of fiber upside at this moment? Did i miss something mb? TTFN.
Interesting situation with fiber again, but we must understand that it is lazy cross currency pair nowdays and we face summer time, so with FED not so dovish as expected (again) any buck depriciation cud start from september with more sideways during summer months. Key lvl for bulls 1.1240-60, if they want higher earlier than september, than must to protect, if...