Short 1.1734 - like I wrote yesterday.

EURUSD only

Let’s see whether price starts to roll over from here. If it does, I’d expect a retest of the current support zone around 1.1700–1.1690 (red box). On the very short-term timeframe, momentum is slowly drifting into overbought territory (red circle), ...

EURUSD only

There are days like today where you simply miss everything because you’re waiting for confirmation and the market just runs without you. As mentioned, 1.1660 was the support, but without confirmation I didn’t go long even though that was the plan ...

EURUSD only

Alternatively, this move by the US could restore some confidence in the dollar. We’ll see how that plays out. Right now, it is battling around the 1.1690 area, and at this level I’m leaning more toward the short side.

EURUSD only

If 1.1659 is supposed to be the provisional low, we still need confirmation. Either the 1.1660 zone gets retested and successfully defended, or price needs to squeeze straight back above 1.17. I’d clearly prefer the former, as it would be the more ...

EURUSD only

Price has now reached the support zone, and this is where we’ll see whether it holds or whether we drop one level lower. Given the currently oversold conditions, this area should hold and trigger a bounce to the upside to allow the market to reset. ...

EURUSD only

The bulls appear to be completely out of momentum, even though there would be enough upside room from a technical perspective. At the same time, the bears are also failing to apply sustained pressure, despite still having some downside potential ...

EURUSD only

Good morning. You wake up and see that overnight they actually pushed it below 1.17, all the way down to 1.1672. That gives a much clearer picture. I agree with Ata, right now the next resistance is around 1.1718. The 38.2% Fibonacci ...

EURUSD only

First of all, wishing everyone a Happy New Year and successful trades. Last week, EURUSD failed to close below 1.1720 on a daily basis, despite strong attempts to push it lower. That is an initial positive signal, though not yet confirmed. Still, it ...

EURUSD only

I manually closed my short at 1.1714 for +20 pips. I’ll be closing the books for today and enjoying the next two weeks over Christmas and New Year. Wishing everyone happy holidays and a great start into the New Year. Here’s to good and successful ...

EURUSD only

The picture is becoming increasingly clear, which is why, just as announced, I aggressively went short below 1.1736 at 1.1734. However, for final confirmation we still need a clear break below 1.1703, which unfortunately didn’t happen yesterday, ...

EURUSD only

No problem. But I don’t see any contradiction—that’s exactly the typical behavior during a trend reversal. We’re seeing a bearish pattern forming, and that’s what I described. Where exactly is the supposed contradiction?

EURUSD only

This is a typical reaction within a distribution pattern: the bulls make another attempt to quickly push prices higher, but buyers fail to follow through at the top. Momentum fades fast and the move goes nowhere. At some point the structure starts ...

EURUSD only

Set my stop at 1.1740 locking in a 20 pips profit. Let’s see what the day has in store. It wouldn’t surprise me if we drop relatively quickly to 1.1680—or even lower. We’ll see.

EURUSD only

Set the stop at BE now, no risk.

EURUSD only

With yesterday’s daily close, the market indeed printed the expected candle, namely a hanging man. This means a strong sell pattern has now formed, with a shooting star the day before and the hanging man yesterday (yellow circle on the daily chart). ...

EURUSD only

Today’s daily close will be decisive in determining whether we at least get a pause in the broader trend. For that reason, I can’t make any “final” call just yet. However, if today closes the way I expect—and this is confirmed tomorrow—a trend ...

EURUSD only

Yesterday I mentioned the possibility that EURUSD could form a potential shooting star on the daily chart (yellow arrow), which it ultimately did. It is a textbook shooting star, which is a classic reversal signal and very likely marked at least the ...

EURUSD only

Just closed my shorts in profit. Now I’m waiting for the next rebound to re-enter on the short side. It’s getting interesting, as today we could see a shooting star form on the daily chart, which would confirm the bearish ...

EURUSD only

I added to my short at 1.1802, which brings my break-even to 1.1760. I’m curious to see how this plays out from here. In any case, I’ll continue to scale in if it pushes higher. The market is extremely overbought across the board.

EURUSD only