Forex EUR/USD Daily Video, May 08, 2024

[Sive Morten]

Good morning,

We suggest that bearish context on EUR is not ready yet, suggesting that it could still try to re-test of 1.0830 area. Today we're watching for 1.0725-1.0730 support for possible scalp long positions:

 

[Brett Reynolds]

I think $1.08 is critical for this week as resistence and $1.0750 support. A Daily close below this support i would be very interested in enter sell position..! Stops above $1.0800 and TP $1.0600 area.
I think we need some BIG News to move market next week either way..as i am suspicious' on Monthly chart being only 1st week of May..!?

 

[Sive Morten]

I think we need some BIG News to move market next week either way..as i am suspicious' on Monthly chart being only 1st week of May..!?

Yep this week is quite silent due lack of events in the US and WWII Victory day. Maybe next week... CPI etc...