Forex EUR/USD Daily Video, September 19, 2023

[Sive Morten]

Good morning,

EUR keeps short-term upside action, which means that market is preparing for dovish Fed statement. But situation is not as obvious, at least based on US 10-year yields that are not dropping. We intend to watch for 1.0720-1.0730 resistance area for short-entry. Upside breakout of this level will turn short-term context into bullish:

 

[fabx]

Hi Sive could we have a possible double repo setting up on the daily?

 

[Brett Reynolds]

Too Risky to Buy EUR/$ at the moment with Fed and other factors 'spooking' the markets. A retest of 1.08 area is possible... ..which is would 'perfect' for taking a Bigger Sell Position.!

 

[Sive Morten]

Hi Sive could we have a possible double repo setting up on the daily?

Hi Fabx,
No, this is not the DRPO, thrust is interrupted by multiple close above 3x3 DMA.