EURUSD | Perspective for the new week | Follow-up details

Following over 200pips in our direction since my last speculation on this pair (see link below for reference purposes); the EURUSD continue to ground lower on the back of a firm US Dollar. Now, what is going to be happening this week? Will participants in the market find the Euro cheap enough to buy from the $1.0000 zone or are we going to witness a further decline in price action?

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You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.

Trade active:

Perspective on the 15-minute:
Gosh! I just missed this breakdown move. Let's see if the market will present another opportunity in the form of a retest of $1.00250Level.

Good morning

Trade closed: target reached:

I am still looking for selling opportunities

Trade active:

Another selling opportunity is identified right below the $0.99500 which is right at the breakdown/retest of the descending channel identified on the higher time frame (detailed in my next comment).

Good morning

Comment:

Trade closed: stop reached:

I was stopped out; looking for another selling opportunity

Trade active:

Trade active:

Price is right at the $1.0000 level and I want to see how the price will relate to this zone. Is there going to be a reversal pattern (respecting the resistance level of the descending channel) to send the price crashing or will there be an outright breakout to project a bullish signal?

Good morning

Trade active:

Below $1.0000 seems most appropriate to sell the Euro

Trade active:

Locking in position at entry here considering the Jackson Hole Symposium coming up in half an hour

Comment:

update

Trade active:

Price is still within the descending channel which still supports the bearish bias however if a breakout/retest of the resistance of the ascending channel we might be witnessing a momentum shift.

Good morning

Trade active:

Selling opportunity below $1.0000

Trade active:

I want to be moving my stop loss to break even to protect my position against sudden reversals.