eur/usd

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:

Good morning, EUR keeps bearish context intact. We consider ~1.08 area as the one where the next chance for another short entry could appear:

Good morning, Market stands nervous, forming contradictive signals. Whatever position you would take on EUR it will have a big relation to gambling due coming CPI and ECB. Technically now we see only intraday bearish setup:

Good morning, EUR brings no surprises by far, accurately completes intraday bullish setup. But now we're coming to important area and important fundamental events that could make bearish daily context to act again:

Good morning, EUR starts the B&B "Buy" setup on intraday chart. Still, due to fundamental background we do not consider yet stronger upside action to 1.0940, suggesting that H&S pattern on 4H chart could fail:

Good morning, EUR accurately follows with our plan by far - grabber has been formed and B&B "Buy" on 4H is ready to start.

Good morning, J. Powell has broken short-term bearish context on EUR. Now situation is going on a larger scale and we have to deal with this mess:

Good morning, EUR has started upside bounce prior completion of major 1.0705 target. Still, based on DXY picture, this target still should be reached:

Good morning, Everything goes with the plan. Yesterday ISM has shown positive numbers that supported dollar. Today we stay focused on the same 1.07 target. Once it will be completed, minor tactical pullback could happen, that could be the chance for another short entry:

Good morning, EUR has completed upside bounce that we've discussed yesterday and keeps accurately our bearish plan, so we do not have something to adjust by far. Appearing of DXY bullish grabbers provide more confidence that maybe next week EUR will reach ~1.07 area. Have a great Easter!

Good morning, We keep 1.0705 as nearest target on EUR, but hardly it will be hit today, as we get PCE and then long Easter holidays. Context remains bearish. Next chance for short entry might be formed around 1.08:

Good morning, So, we've got downside action EUR that we were counting on, but now some bullish patterns have been formed that could change the shape on intraday time frames:

Good morning, The 1st stage of our trading plan is done - EUR pullbacks out from 1.08 support and has reached 1.0845-1.0855 resistance level. Now we should make a decision on short entry:

Good morning, EUR holds bearish context. In the beginning of the week we expect reaching of ~1.08 downside target and hope for tactical pullback supposedly to 1.0860-1.0890 area that supposedly might be considered for another short entry:

Good morning, Our yesterday's plan has worked well, and EUR now starts action with big daily H&S pattern. Today we expect to reach 1.0795-1.08 nearest target. Those who has missed entry yesterday could get another chance:

Good morning, Fundamental background shows no reasons for optimism, despite recent Fed's comments. We treat rally as temporal one and treat it as retracement within major bearish tendency by far. 1.0915-1.0920 area might be interesting for potential short entry: