eur/usd

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:

Good morning, Although long term bearish tendency stands intact, Friday performance suggests that upside bounce might be more extended. Next week we will be focused on 4H reverse H&S pattern:

Good morning, We've got awful Retail Sales numbers yesterday that have messed up our short-term bearish scenario, but EUR still stands around vital point. If it still will be broken, we should be ready for more extended upside retracement on daily chart:

Good morning, EUR needs to analyze recent CPI numbers and other ones that we get this week. Thus, today we have a tactical setup on intraday charts. As our butterfly stands in progress and expected pullback is underway, we consider 1.0670 as next downside target:

Good morning, Yes, CPI has become a trigger, but this drop was preparing by corresponding fundamental background. We constantly talk in our reports on new inflationary spiral. Now the Fed has big headache. This tendency is not just temporal CPI reaction, it should continue. That's why next...

Good morning, So, EUR accurately has dropped out from 1.08 area, that we've chosen for short entry in weekend. At the same time, drop was relatively fast and we suppose many of you have missed this. Don't upset with that - with additional bearish patterns in place now we have 2nd chance for...

Good morning, Although EUR has shown anticipated upside bounce - it shows no signs of upside acceleration. That's why, we start watching for 1.08-1.0830 area as the first one for short entry.

Good morning, EUR has shown natural downside reaction that doesn't hurt bullish context by far. Next upside target is 1.08 and then 1.0830. Second moment to watch - upside breakout of 1.0790 resistance. EUR has to do it to keep bullish context valid:

Good morning, EUR has hit the first 1.0790 target. Now let's see for reaction. Downside breakout of 1.0745 support level will increase chances of bearish action:

Good morning, DRPO "Buy" pattern has started well on EUR. We hope that it will reach classic target around 1.08-1.0810. Nearest target stands around 1.0785 and agrees with Fib resistance level:

Good morning, Due to conclusions that we've made in our recent weekly report, US authorities will continue to support US Dollar to keep it slightly better than the rivals. This makes us think that started downside tendency on EUR/USD should stay. Today we watch for upside reaction from strong...

Good morning, Last week we've got hard whipsaw action on EUR, mostly due often intruding of external factor in natural price behavior. If we correct with our fundamental view, USD should not show bearish reversal in nearest few months. Thus, major EUR/USD trend remains bearish by far:

Good morning, Trading EUR in recent days has become a real challenge. Now context has turned bullish and we do not consider taking new shorts by far. We suggest to wait intraday downside retracement to consider position taking after NFP will be released.

Good morning, Despite volatility EUR keeps bearish context intact. NFP could intrude, but for now we consider 1.0850 area potentially interesting for another short entry:

Good morning, EUR accurately holds bearish context, thus we keep watching for 1.0740 downside target. Be aware of Fed results today and coming NFP report on Friday.