Another failure to re-take 1.22 sets up short sales with 1.19 targets IMO. Reflexive dip buying works until it doesn't, and then the realization that it's stopped working begins to spread and feed on itself.

EURUSD only

Back up into price congestion levels from Feb 10-16 on EUR PMI data, but USD PMI data is 5h away. New long positions here risk losing those fast 50 data-driven pips quickly.

EURUSD only

There's a lot of PMI data on deck in the next 24 hours on both sides of the pond. Fundamentals can bend the technicals. Tread lightly.

EURUSD only

EURUSD is weak relative to other USD crosses. Expecting EURUSD to get hit hardest if USD gets an oversold bounce.

EURUSD only

So apparently UMich consumer sentiment was the proximate cause/excuse to re-sell an already oversold USD on a Friday. IMO this is getting way out into the paranoid weeds for a market reaction. Sentiment is fickle and often wrong. Look for more ...

EURUSD only

Obviously a bit late and risky to pick a short term direction this close to NFP, but would like to see NFP give EURUSD a weak bounce that carries into early next week, up to 1.2060 or so, for fresh multi-day/week shorting opportunities. Still ...

EURUSD only

I think this market is just obsessed with getting to 1.25 as soon as possible. Pavlovian dip buying.

EURUSD only

One thing I've noticed from years of fx trading is that markets sometimes just get into a mood to just totally disrespect all the support points on the chart.

EURUSD only

That's what makes a market as we all know.

EURUSD only

My previous comments were dismissed as too "blabbery" or something, so, to simplify: I think the EURUSD rally will fail. The long-term (monthly) chart is tracing out a tentative trend reversal, down to up, and such things must necessarily have a ...

EURUSD only

Breaking out on German data release... Now playing: "I Want it All (and I want it now)" - Queen

EURUSD

Central bankers "don't directly target exchange rates," but they are watching. And they've already said that it's a problem. They can't hold back things that are inevitable, but they can jawbone markets for a time.

EURUSD only

ECB’s Villeroy: On Exchange Rate All Our Instruments Are Available url EUR/USD bulls remind me of the 2nd dog, want to eat all the food right now and go to 1.25 immediately. url

EURUSD only

Heck, why bother with charts & technical analysis. The EUR is a magical currency. No need to think anymore. Just stay long and eat candy every day, LOL.

EURUSD only

The Iran development could portend extra geopolitical risk over the weekend. Just a thought.

EURUSD only

No worries. Good luck.

EURUSD only

No expectations either way but 500pip range vacillations lasting a year or more before major trend reversals can be found on this chart history, so this consolidation since summer isn't exceptionally long in the tooth. One long-term bullish EURUSD ...

EURUSD only

US prelim GDP in 5h from now. US PMI numbers were good and peeled off 100pips in a big hurry Monday. Daily chart retrace to even 1.16 would not damage the long term trend reversal from down to up on monthly/weekly/daily charts (would probably even ...

EURUSD only