eur/usd

Good morning, Market is very slow this week, we do not have any big data releases in the US and also due celebrations of WWII victory in Europe. EUR finally comes to our 1.0725 support area. Let's keep an eye on possible patterns around it:

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:

Good morning, EUR is coiling around wide daily resistance range which is potentially interesting for short entry. But intraday picture shows that the context is not ready yet as EUR could try to move in 1.0830 area first:

Good morning, EUR hits strong daily resistance area of 1.08-1.0835. Next week we will be watching for chances to take short position around it:

Good morning, We've got 1H reverse H&S pattern, so everything is going with our plan. Now we consider some upside targets - 1.0756 as a least one and 1.0813 that agrees with daily strong resistance area. Its difficult to say what we will get on NFP release but any sign of weakness should...

Good morning, By some technical signs we suggest that EUR could show upside extension in an area of next daily resistance 1.08-1.0835$:

Good morning, Our 1st EUR downside target of 1.0650 was perfectly done. Now we expect technical bounce and possible volatility due to coming FOMC results. We prefer to wait before considering any new chances to go short:

Good morning, EUR is following to our trading plan - H&S that we've discussed in weekend is almost in place. Thus, we consider 1.0650 as the nearest downside target. Invalidation point stands around 1.0730:

Good morning, EUR re-establishes downside action and we consider re-testing of 1.06 previous lows as nearest target:

Good morning, Recent GDP numbers show that the US is one step in stagflation already. Today we prefer to wait PCE release and completion of upside 1.0753 intraday target, before making any decisions:

Good morning, EUR downside reaction was minimal yesterday, and now our 1.0745 predefined level is mostly reached. Thus, downside action could start on a background of coming GDP and PCE numbers. We intend to carefully look for bearish signs around:

Good morning, EUR hits our first predefine level of 1.0710. Technical picture suggests that it still could go higher, to 1.0745. But coming GDP and PCE numbers are expected to be strong and supportive for the US Dollar. Thus, it is not simple decision either to sell here or to wait a bit longer:

Good morning, EUR today is showing upside action, so we do not see anything to change in our plan and keep watching for 1.0710-1.0740 resistance area to consider short entry. By today close we also could get bearish daily grabber, so let's keep watching:

Good morning, Our plan for the next week barely has changed. Due to existing bullish signs and patterns, we still watch for more extended upside retracement on EUR and consider two potential levels of 1.0710 and 1.0740. Later we will watch for chances for taking short positions there:

Good morning, Despite recent EUR drop, we see signs that upside action is not over yet and 1.07-1.0740 area still could be reached to give us better level for short entry:

Good morning, Expected EUR retracement is started. Now 1.0710-1.0740 level seems the one where EUR could try to reverse down again. So, we will be watching for bearish signs around it:

Good morning, EUR starts showing some bullish signs and forming patterns on intraday charts, but there is a tricky moment with uncompleted 1.0580 target on EUR and similar one on DXY. If you consider scalp long entry, be aware of possible fast spike down before upside action starts:

Good morning, EUR remains under pressure with the bearish context on the back. But due oversold we're watching for some rally to sell into now:

Good morning, EUR is overextended down and now stands around 1.06 weekly support. That's why in the beginning of the week we will keep an eye on possible bounce and B&B "Sell" pattern on 4H chart:

Good morning, EUR accurately keeps bearish context, with nearest downside target around 1.0628. We're watching for another entry chances, but now EUR is oversold and we need some bounce first: