Chairman Powell to testify before congress June 22, 2021 @ 2 pm. Looking for dollar strength as a result of his testimony. Also a continuation of dollar strength caused by FOMC projections from last week, Wednesday June 16, 2021.
Looking to see dollar weakness caused by CPI news event at 8:30 am est on 6-10-21. Predicting this event will show continued dollar inflation. FED balance sheet has shown growth in the supply of USD over the past few weeks. This has caused raw materials, and retailers to raise prices across the board. This event has a history of causing a stop hunt.
Predicting poor news for June US Non-Farm Payroll. Predicting a below forecast report, causing dollar weakness.
Additionally, weekly FED balance sheet showing continued growth in US money supply.
EUR/USD pair is trading near a key whole number price point. of 1.21. Expecting bullish momentum post-report.
Watch for stop hunt then big move in reversal.
Looking for a EURUSD buy at the 1.203 area. This should be a good entry for the breakthrough of 1.205 which should happen London to New York Session (1 AM - 11AMEST) on 4-20-2021. I am bearish on the US Dollar during this timeframe.
Looking for a EUR USD 3 to 5 minute binary call option. Looing for a reversal in price around the 1.1720 area. Don't take unless it hits zone on chart. Look for impulse into zone, and reversal around 12 AM EST.