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.
Good morning,
EUR stands near daily 1.0970 resistance area. Our upside 1.0988 target is not done yet, but NFP release could bring some tricks today. Keeping it aside, we consider 1.09 support area as potentially interesting for long entry with the same 1.0988 target:
Good morning,
Due coming ECB meeting today, EUR could stay a bit silence now. We expect to see minor downside reaction to ~1.0870 area and upside continuation later on. Daily context remains bullish
Good morning,
Upside action on EUR was interrupted by Red Sea incident yesterday, due short-term dollar jump. Now it seems it is over and EUR is turning north again. We count on upside breakout attempt and consider 1.0840 level as local invalidation point.
Good morning,
EUR is keep moving higher, overall context remains bullish. Today we're interested with 1.0840 support area as a potential level for long entry.
Good morning,
EUR Friday's rally, triggered by poor PMI data supports daily bullish context and makes us to set next upside target around 1.0970-1.0980 area. On Monday we consider intraday support levels for possible long entry:
Good morning,
EU inflation data was week which has pressed on EUR, raising chances that ECB should cut first. As a result EUR has dropped, making us keep watching for 1.0780-1.0790 support area:
Good morning,
EUR shows progress with our bullish context. If we wouldn't have PCE today, I would say it should keep going higher. But PCE brings some adjustments to trading plan, that we have to foresee...
Good morning,
Today EUR stands at critical level of ~1.0860. In fact price re-tests daily K-resistance area. Upside breakout means that no return back to 1.08 will happen. If level holds, we could get downside AB-CD and harmonic right arm for 4H reverse H&S pattern:
Good morning,
EUR keeps intraday bearish setup valid. We consider 1.0790 target as very probable, and treat 1.0750-1.0770 target area as unstable one with less chances to be reached. We do not consider long positions by far and suggest that first chances for long entry could appear only around...
Good morning,
So, market is started expected reaction on ~1.0870 daily resistance area. Today we consider intraday bearish setup and patterns that we could use for position taking:
Good morning,
Short-term context on EUR remains bullish and everything goes with our scenario. Now we're watching the 1.0875 level as an upside target as an area where we could see background for short entry on daily chart:
Good morning,
Daily context on EUR remains bullish, although fundamental background stands more in favor of downside reversal. It makes us to keep a close eye on 1.0865-1.0880 strong resistance level for potential short position:
Good morning,
EUR keeps short term bullish context valid. We suggest that 1.0730 seems like crucial level for this scenario, which consists of two parts. First one is upward continuation to 1.0820 area, second - forming of larger reverse H&S pattern on 4H chart:
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