We saw our increase on Eurusd Halted after the Fed raised rates 3 weeks ago. Now we gain more information on the reasons for their decision. The market has had time to digest the rates and resulted in a substantial decrease for the month of May. We must now observe how the market reacts to their reasons for an increase in rates and the cost of money. Will the dollar continue it's momentum and we see a Eurusd decrease, or will Eurusd pivot bullish in the short term as it digests the Fed's reasoning's.
Bear Targets for the rest of May and the month of June are
- 1.06654 Weekly Zone
- 1.05426 Weekly Zone
Bull targets for the rest of May are
- a return to Daily level 1.08725
Bull targets for the month of June are
- a return to 1.1024 weekly level
- a push to 1.14655 Weekly level
Bear Targets for the rest of May and the month of June are
- 1.06654 Weekly Zone
- 1.05426 Weekly Zone
Bull targets for the rest of May are
- a return to Daily level 1.08725
Bull targets for the month of June are
- a return to 1.1024 weekly level
- a push to 1.14655 Weekly level
Comment:
Our Mapping of Eurusd is moving as anticipated. We are headed south towards our 1.06654 Weekly Zone -->>
Comment:
Price continuing it's descent but Sellers
must caution as we move into a high impact news filled week. Be prepared for ruthless pullback and liquidity grabs back to 1.08122 Daily Zone. Sellers may be getting a bit greedy down at these prices. TP I'd say when you get the chance after another leg to 1.0665 weekly level or the next 4hr zone beyond that
must caution as we move into a high impact news filled week. Be prepared for ruthless pullback and liquidity grabs back to 1.08122 Daily Zone. Sellers may be getting a bit greedy down at these prices. TP I'd say when you get the chance after another leg to 1.0665 weekly level or the next 4hr zone beyond that
Comment:
Price has dipped into 1.0665 Weekly Level. With Job openings data in an hour, will price hold our weekly level and continue to the upside as outlined in our graphic? Is it time for a pullback on Eurusd to the Upside? Will Job openings data coincide with price continuing to respect our significant weekly level support 1.0665. Either way I don't see us breaking this area easlily and we may also consolidate above here.
Comment:
Weekly Level's! Stronger than Daily Level's. Everyone knew that were were a bit over-extended here on Eurusd and same with the U.S. Dollar's ascent.
Comment:
Rejection of 1.06643 Weekly Level as anticipated. I was anticipating the Daily timeframe to slowly curl back to the upside and we have seen that this week!
Comment:
Price is taking it's time and consolidating above 1.06643 Weekly Level
as would though to be the case. Unemployment Claims on thursday. I liken this weekly candle to pullback up to 1.07614 Daily resistance by the end of the week. However we may see some more choppy range price action until then while we sit above the weekly level 1.06643
as would though to be the case. Unemployment Claims on thursday. I liken this weekly candle to pullback up to 1.07614 Daily resistance by the end of the week. However we may see some more choppy range price action until then while we sit above the weekly level 1.06643
Comment:
Price is on Pace to reach 1.08725 Daily Zone
Both USD red folder news releases this week missed expectations for USD.
Simultaneously Bears on Eurusd have hit a wall at 1.06643 Weekly Level.
Both USD red folder news releases this week missed expectations for USD.
Simultaneously Bears on Eurusd have hit a wall at 1.06643 Weekly Level.
Comment:
Price was supposed to be at 1.0872 Daily resisatnce zone by this point, halfway through june. We are on track to reach that price level but it's later than I was looking for. Interest rates in 21 hours can bring price up 80 pips and it would still be mid-june as forecasted. Or price may dip from here back to daily support 1.076 or weekly support 1.0706. Price doesn't follow analysis anyways it follows supply and demand.
