EURO - Where to next?
EURO Fundamental aspects:
Recently, if you're confused on why we got minor pull back on equites, FX majors and even commodities- It was all based on treasuries. What do I mean by this?
Take a look at T notes...Real yields headed higher yesterday, DXY increased - Now we hit key resistance area of DXY right now. Now take into mind EURO has a large % of DXY movement. The pull back is minor on what we have seen on various other instruments as well. Let me remind you something, this is what you want to see when you want to get in long! Things are now looking more healthy to go back in Long again. This early morning, I have put my first long position in - I am scaling into my positions. Could head lower, which would be awesome, before we go back to rising again - (DISCLAIMER - Not an investment advice!) Technical aspects it's getting exciting for most pairs including commodities - We've got a really nice wedge formation when it comes to gold! Trade what you see, not what you think.
Keep in mind today we have the US Bond Auction.
This week fundamental aspects we have ECB meeting on Thursday - Will they step up Bond purchasing? Will there be an increase on PEPP? & Questions on rising yields? These are key questions I will be taking into mind.
DAILY - EURO Technical Aspects:
Pattern: Channel
Support: 1.18290, 1.17430, 1.16350
Resistance: 1.19630, 1.20265, 1.20775
Keep an eye on 200 EMA - Key support for now, if we decline below we will be going to the next support areas.
Go to lower time frames for further swing and intraday trade aspects, following your own trade plan.
Key tip: Everyone trades in very unique ways & that's what makes trading exciting. Take in other people aspects of course but at the end of the way be strict remain to trade your own plan. That's the greatest way you'll learn if you're strategy is working!
Sorry for the not posting much, I've been posting on the various private groups I am part of and working on my own content I share newsletters. If you'd like to be part of my FX Weekly - Week ahead of Technical & Fundamental aspects, Comment below or private message...We will be sure to send you the link! It's free.
☼ Have a great day ahead ☼
Trade Journal
(Just trade ideas, not a recommendation)
EURO Fundamental aspects:
Recently, if you're confused on why we got minor pull back on equites, FX majors and even commodities- It was all based on treasuries. What do I mean by this?
Take a look at T notes...Real yields headed higher yesterday, DXY increased - Now we hit key resistance area of DXY right now. Now take into mind EURO has a large % of DXY movement. The pull back is minor on what we have seen on various other instruments as well. Let me remind you something, this is what you want to see when you want to get in long! Things are now looking more healthy to go back in Long again. This early morning, I have put my first long position in - I am scaling into my positions. Could head lower, which would be awesome, before we go back to rising again - (DISCLAIMER - Not an investment advice!) Technical aspects it's getting exciting for most pairs including commodities - We've got a really nice wedge formation when it comes to gold! Trade what you see, not what you think.
Keep in mind today we have the US Bond Auction.
This week fundamental aspects we have ECB meeting on Thursday - Will they step up Bond purchasing? Will there be an increase on PEPP? & Questions on rising yields? These are key questions I will be taking into mind.
DAILY - EURO Technical Aspects:
Pattern: Channel
Support: 1.18290, 1.17430, 1.16350
Resistance: 1.19630, 1.20265, 1.20775
Keep an eye on 200 EMA - Key support for now, if we decline below we will be going to the next support areas.
Go to lower time frames for further swing and intraday trade aspects, following your own trade plan.
Key tip: Everyone trades in very unique ways & that's what makes trading exciting. Take in other people aspects of course but at the end of the way be strict remain to trade your own plan. That's the greatest way you'll learn if you're strategy is working!
Sorry for the not posting much, I've been posting on the various private groups I am part of and working on my own content I share newsletters. If you'd like to be part of my FX Weekly - Week ahead of Technical & Fundamental aspects, Comment below or private message...We will be sure to send you the link! It's free.
☼ Have a great day ahead ☼
Trade Journal
(Just trade ideas, not a recommendation)
Trade active:
Still LONG - Scaled out in my positions. I am aware ECB Today! Exciting times.
Comment:
FOMC this week! Keep an eye on the dot plot.
Comment:
Dovish tone from FOMC yesterday - Leading Equities higher, commodities higher.
This morning - 10 yr heads higher!
This morning - 10 yr heads higher!
Comment:
At key resistance zone! Break above expect 1.22 - 1.23 areas anywhere above 2018 areas will come into play for major currencies.