The dust is slowly settling, and trading conditions are becoming reasonably "normal" again. Bottom line: from a fundamental perspective, there is currently no real reason for EURUSD to continue falling. I’m now shifting my focus back to technicals, ...

EURUSD only

After this NFP numbers I'll keep my long from 1.1662 and looking to add up.

EURUSD only

Once again, it’s one of those interesting days where the technical picture and the fundamental backdrop may not align. From a technical standpoint, the dollar is clearly overbought, at least short term, in parts even heavily overbought. ...

EURUSD only

I’m holding the long and may look to add, potentially around the 1.1635 area, where the daily 200-MA is located. The rationale is that price has already moved into oversold territory on both the short- and medium-term timeframes and was even heavily ...

EURUSD only

I entered a first long position at 1.1662.

EURUSD only

May I ask when your 4H chart starts during the day? My data provider starts the 4H chart at 01:00 am.

EURUSD only

I’m not yet convinced that 1.1670 has held for good. I’d need to see a few more tests to confirm that a provisional base is forming there. That could even include a brief dip below 1.1670, say toward 1.1660 or slightly lower but price would then ...

EURUSD only

Good morning everybody. The 1.1700–1.1670 range has clearly developed into the decisive zone this week. Long story short: once either boundary breaks, we should see a strong expansion in volatility. On the downside, the next target would be 1.1633, ...

EURUSD only

Right now we’re back in a pure fifty-fifty environment, and price could break either way. On the very short-term horizon, there’s technically more upside room than downside, but that doesn’t automatically mean price has to move ...

EURUSD only

I fully agree with 1.1762 that level fits perfectly into my scenario as well. The higher-timeframe bearish structure would still allow for that move; even a push toward 1.1782 would be acceptable within the bearish framework. However, if price were ...

EURUSD only

This is exactly what I mean by confirmation and what I want to see. On Monday, there was no confirmation on the downside (yellow circles on the H1 and M15 charts), and yesterday we saw exactly that kind of confirmation on the upside (yellow boxes). ...

EURUSD only

This is exactly why you should always trade with a clear head and never act or react emotionally. I saw price grinding around 1.1690 for more than an hour and a half, and even before that the move down into that area was very orderly. The momentum ...

EURUSD only

Closed my short at 1.1689 for 45 pips profit because it's too sluggish. Now staying on the sideline and watching.

EURUSD only

Once any bullish attempt to push higher gets sold off almost immediately, price can slip into free fall at any moment, in that case, 1.1640 to 1.1630 would be easily achievable. That said, current price action is rather sluggish, and the decline is ...

EURUSD only

Will close my short around 1.1675 and set the stop at 1.1712 for secure 22 pips gain.

EURUSD only

Mainly for technical reasons, with psychology also playing a role. Just as bulls are reluctant to give up quickly near highs, bears are equally reluctant to give up near lows. These are typical behavioral patterns during trend reversals.

EURUSD only

If there is one last attempt by the bulls, I’d now expect a move at most into the 1.1736–40 area, if at all. More likely, they’ll only be able to squeeze it up to around 1.1725–30. I’m already short from 1.1734, but I’d even look to add if we see ...

EURUSD only

I may not be Ata, but I can only advise you to never act or react emotionally, always stay patient - opportunities will always come back. Stay disciplined, and most importantly, risk no more than a maximum of 5% of your available capital for ...

EURUSD only

The bulls might attempt one last push, although I seriously doubt it. If they do try, I’d expect a move at most into the 1.1740–50 area if it even gets that far before rolling over hard. The overall structure clearly points to a resumption of the ...

EURUSD only

Yesterday’s candle was a textbook liquidity / reaction candle (hammer), which is typical after a trend break (yellow circle) on the daily chart. For me, it’s quite clear that the market is not done with the correction yet, we’re in a transition ...

EURUSD only