eur/usd

Good morning, Despite that we see signs of weakness on intraday charts of EUR and GBP, other markets analysis suggest that dollar could drop a bit more:

Good morning, We suggest that bears have last chance to start B&B "Sell" trade on EUR with price limit around 1.0990:

Good morning, EUR is coiling around 1.0960 resistance area, but price dynamic and overall context seems insufficient still for taking short position by far:

Good morning, EUR is flirting around pre-defined resistance area of 1.0970, which is the last possible area for starting of weekly bearish B&B trade. But for now some tricky moments exist as on DXY as on EUR itself, that makes us to be careful and not hurry up with short entry by far:

Good morning, Definitely EUR context is not friendly for any bearish trades, but we're coming to the vital point for weekly B&B trade, so it either starts of fails around 1.0950 area. So, let's keep watching and act accordingly:

Good morning, So, we've got explosive CPI reaction, confirming our warning to wait with short position. Now we consider 1.0915-1.0960 upside target/resistance area as the last outpost for the bears:

Good morning, Despite that weekly bearish pattern is our primary one, EUR doesn't give us any bearish signs yet on lower time frames. Today we intend to watch for CPI numbers and 1.0720-1.0725 intraday resistance area. Right now we suggest it is too early to consider short entry:

Good morning, DXY bullish grabber on weekly chart is confirmed. So, we do not consider any longs on EUR by far. CPI might be the hot point for the whole week and trigger upside DXY action if breaks market expectations:

Good morning, So, everything goes with the plan. We're one step closer to weekly DXY grabber. So, 1.07 level indeed could become the one where downside action starts...:

Good morning, Despite that EUR hits predefined 1.07 area, decision making on short entry remains tricky and accompanied by risk because of bullish context:

Good morning, We still watching for weekly B&B "Sell" setup. Today few important issues have appeared. Now we consider possible bounce to ~1.07-1.0710 area for short entry:

Good morning, EUR hits daily K-resistance area, so, we gradually could start thinking about weekly B&B "Sell" pattern, and watch for reversal formations on intraday charts:

Good morning, EUR keeps bullish sentiment, so we do not consider any short positions. Price is approaching to strong daily 1.0750-1.0765 resistance area, which we treat as nearest upside target:

Good morning, It is difficult to say what will happen on NFP, but for now EUR keeps bullish context and 1.06 area seems the nearest one where it could turn up again:

Good morning, Despite that EUR dynamic looks not impressive, we warn against taking short position right now, because context remains bullish:

Good morning, The problem now that technical and fundamental background contradicts to each other. The former still stands bullish while the latter suggests dollar raising. This makes difficult the process of decision making. So, IMO it is better to wait. The vital area for both scenarios is...

Good morning, So, daily grabbers are working, suggesting action above 1.07 on EUR. Until they valid, we do not consider any short positions:

Good morning, EUR keeps nominal bullish daily context, with now two bullish grabbers on board (on DXY chart), but we suggest to see Monday open due to Middle East escalation, to make a decision on any bullish position. If grabbers remain valid - it should be safer entry and at better price...

Good morning, Appearing of bullish patterns on GBP and DXY makes us to take on pause our EUR bearish scenario and see what we get on PCE release:

Good morning, EUR keeps short-term bearish context. Today we expect higher volatility due ECB and GDP release, so, hopefully we get our bounce. For now, 1.06 area seems the first one where we could get the chance to sell.