eur/usd

Good morning, Market stands nervous, forming contradictive signals. Whatever position you would take on EUR it will have a big relation to gambling due coming CPI and ECB. Technically now we see only intraday bearish setup:

Good morning, EUR brings no surprises by far, accurately completes intraday bullish setup. But now we're coming to important area and important fundamental events that could make bearish daily context to act again:

Good morning, EUR starts the B&B "Buy" setup on intraday chart. Still, due to fundamental background we do not consider yet stronger upside action to 1.0940, suggesting that H&S pattern on 4H chart could fail:

Good morning, EUR accurately follows with our plan by far - grabber has been formed and B&B "Buy" on 4H is ready to start.

Good morning, J. Powell has broken short-term bearish context on EUR. Now situation is going on a larger scale and we have to deal with this mess:

Good morning, EUR has started upside bounce prior completion of major 1.0705 target. Still, based on DXY picture, this target still should be reached:

Good morning, Everything goes with the plan. Yesterday ISM has shown positive numbers that supported dollar. Today we stay focused on the same 1.07 target. Once it will be completed, minor tactical pullback could happen, that could be the chance for another short entry:

Good morning, EUR has completed upside bounce that we've discussed yesterday and keeps accurately our bearish plan, so we do not have something to adjust by far. Appearing of DXY bullish grabbers provide more confidence that maybe next week EUR will reach ~1.07 area. Have a great Easter!

Good morning, We keep 1.0705 as nearest target on EUR, but hardly it will be hit today, as we get PCE and then long Easter holidays. Context remains bearish. Next chance for short entry might be formed around 1.08:

Good morning, So, we've got downside action EUR that we were counting on, but now some bullish patterns have been formed that could change the shape on intraday time frames:

Good morning, The 1st stage of our trading plan is done - EUR pullbacks out from 1.08 support and has reached 1.0845-1.0855 resistance level. Now we should make a decision on short entry:

Good morning, EUR holds bearish context. In the beginning of the week we expect reaching of ~1.08 downside target and hope for tactical pullback supposedly to 1.0860-1.0890 area that supposedly might be considered for another short entry:

Good morning, Our yesterday's plan has worked well, and EUR now starts action with big daily H&S pattern. Today we expect to reach 1.0795-1.08 nearest target. Those who has missed entry yesterday could get another chance:

Good morning, Fundamental background shows no reasons for optimism, despite recent Fed's comments. We treat rally as temporal one and treat it as retracement within major bearish tendency by far. 1.0915-1.0920 area might be interesting for potential short entry:

Good morning, It's just a single session passed but we already have some important moments and patterns. Now we suggest that EUR is going to 1.0835 nearest target. Next direction depends on the Fed's results:

Good morning, EUR now has good bearish background, but coming Fed meeting makes everything a bit more sophisticated. There are some tricky moments exist that we have to deal with:

Good morning, PPI/Retail Sales have triggered downside action on EUR. Today we are watching for confirmation weekly patterns to get confidence that this action is a starting point of big H&S pattern on daily chart:

Good morning, EUR upside action has happened yesterday, but we should not forget that we primarily are watching for big bearish reversal pattern on daily chart. Today we get PPI and Retail Sales, EUR still has chances for spike up, but keep an eye on bearish reversal patterns as well:

Good morning, EUR has shown mild reaction on CPI numbers, keeping bullish context intact. Despite minor reaction, chances that EUR could finally complete 1.0985-1.0990 target are not bad:

Good morning, As DXY as EUR stand around very special price level. Depending on performance that we will see through the week, we should get very important patterns that could set the direction for few weeks ahead.