eur/usd

Good morning, Recent GDP numbers show that the US is one step in stagflation already. Today we prefer to wait PCE release and completion of upside 1.0753 intraday target, before making any decisions:

Good morning, EUR downside reaction was minimal yesterday, and now our 1.0745 predefined level is mostly reached. Thus, downside action could start on a background of coming GDP and PCE numbers. We intend to carefully look for bearish signs around:

Good morning, EUR hits our first predefine level of 1.0710. Technical picture suggests that it still could go higher, to 1.0745. But coming GDP and PCE numbers are expected to be strong and supportive for the US Dollar. Thus, it is not simple decision either to sell here or to wait a bit longer:

Good morning, EUR today is showing upside action, so we do not see anything to change in our plan and keep watching for 1.0710-1.0740 resistance area to consider short entry. By today close we also could get bearish daily grabber, so let's keep watching:

Good morning, Our plan for the next week barely has changed. Due to existing bullish signs and patterns, we still watch for more extended upside retracement on EUR and consider two potential levels of 1.0710 and 1.0740. Later we will watch for chances for taking short positions there:

Good morning, Despite recent EUR drop, we see signs that upside action is not over yet and 1.07-1.0740 area still could be reached to give us better level for short entry:

Good morning, Expected EUR retracement is started. Now 1.0710-1.0740 level seems the one where EUR could try to reverse down again. So, we will be watching for bearish signs around it:

Good morning, EUR starts showing some bullish signs and forming patterns on intraday charts, but there is a tricky moment with uncompleted 1.0580 target on EUR and similar one on DXY. If you consider scalp long entry, be aware of possible fast spike down before upside action starts:

Good morning, EUR remains under pressure with the bearish context on the back. But due oversold we're watching for some rally to sell into now:

Good morning, EUR is overextended down and now stands around 1.06 weekly support. That's why in the beginning of the week we will keep an eye on possible bounce and B&B "Sell" pattern on 4H chart:

Good morning, EUR accurately keeps bearish context, with nearest downside target around 1.0628. We're watching for another entry chances, but now EUR is oversold and we need some bounce first:

Good morning, EUR keeps bearish context intact. We consider ~1.08 area as the one where the next chance for another short entry could appear:

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!