EU favoring the highs at NFP last week 1.1900. Looking for possible 1.2000 but need to see what EUR Rates bring on thursday Aug 27 -
We may see 1.18 area again. If broken higher expect 1.19 but still watch those lows at 1.160 Aug 9 -
Late update on GU my apologies. Market took the lows around 1.36 as seen from June chart. Seems to be back inside the range and can possibly stay within 1.40 and 1.38 Thursday GBP Fundamentals to watch Jun -
Looking for 1.16 area to be taken. Watching the 1st low also and how price reacts at that area once it gets hit. Eyeing the CPI news this week
Looking for the green box area to be broken then expecting higher prices here. Thursday JPY Rates to keep an eye on.
GU selling to the 1st low around the 1.40 area where the white arrow in our last analysis started. Expecting the 1.37 area to be taken but need to wait for that bearish continuation confirmation. If bullish trend takes over we may see 1.42. Seeing NFP pushing price higher on release, we need to wait and for a directional bias. NOTE - Wednesday FOMC release this...
Working inside a range the 1st low was hit. Looking for retracement then possible move lower to the last low. GBP Fundamentals to keep an eye on this week.
If the red area is broken looking for confirmation lower to 1700 or taking the low at 1676
Looking for higher prices here and possible 2.04000 once the high is taken. Thursday GBP fundamentals also to keep an eye on.
Quick Update - EU traded above the eye ICON getting the run after Sundays open going into London Session. Taking out some lows before pushing. It offered some buying on Monday and selling on Tuesday before stalling right at the purple line low today. Not much was offered here today in this pair during NY. We have EUR interest rates tomorrow based on where price...
EURUSD Target 2 (TCH) hit and wicked before reversing. Still watching 1.2000 or 1.20300 just to run above the whole number. No movement was seen with FEDs release, caution sign today for news at 0800 NY Time, will be in observation mode 14-Apr-21
USD CPI yesterday traded lower taking a short term low into a OTE then price flew to target 1. Eyes on ECB Speech + USD FEDs today, we may see target 2 (TCH) which is roughly 23-30pips from the current price and possible 1.20000 12-Apr-21 -
Still looking for the high at 1.19479 once we lost 1.19275 then possible 1.20000 area before seeing bearish moves. Keeping an eye on 1.18355 for bearish moves as long as price stays below that dotted area later on. ----------------------------------------------------------------- 08.04.21 The bearish H&S was clearly a trap as you can see the up arrow at the...