Forex EUR/USD Daily Video, July 27, 2023

[Sive Morten]

Good morning,

EUR has started well from predefined 1.1060 level. Now we consider 1.1161-1.1178 as nearest targets. Further up move depends on ECB tone, whether it will be hawkish enough or not:

 

[soul rebel]

Great analysis as usual Sive
what do you think currently about aud/usd climbing back up to recent highs? Is the pair still worthy of your previous analysis to consider shorting?

 

[Sive Morten]

Great analysis as usual Sive
what do you think currently about aud/usd climbing back up to recent highs? Is the pair still worthy of your previous analysis to consider shorting?

Hi Viresh,
well, monthly grabber are still valid. Today is absolutely crazy performance and US statistics. So, it is nothing impossible here. Until aussie stands under the tops, chances on downside action remain. Potentially, it might be like this, but this is mostly "perfect" kind picture. Now it is becoming obvious that Fed will raise rate more, and maybe not once. That's why the panic stands across the board now...

 

[davedubai]

Dear Sive,
"Today is absolutely crazy performance and US statistics. "Yes Carnage absolutely for longs of EUR & Gold.
As you usually mention to remain away from market during highly volatile periods we must.
I still remember your words on Gold that the way gold is moving is fishy.
So for now 1930 in play -- may be ?

 

[Sive Morten]

Dear Sive,
"Today is absolutely crazy performance and US statistics. "Yes Carnage absolutely for longs of EUR & Gold.
As you usually mention to remain away from market during highly volatile periods we must.
I still remember your words on Gold that the way gold is moving is fishy.
So for now 1930 in play -- may be ?

Yep, it could be.