Agreed, and I already mentioned in a previous post that December is typically a rather bullish month for the euro. However, there’s no rule without exceptions. Now we simply have to see whether yesterday’s high—which was a weak high—has already ...

EURUSD only

Hmm, after it looked quite likely in the morning that they would push it down to 1.17 or possibly 1.1650 to test whether a strong base could be formed in that area and then carry out a solid and more sustainable rise, it was only pushed down to ...

EURUSD only

A brief overview of my expectations for next week. On the daily chart, EUR/USD formed a Doji last Friday. This came after two strong days in a longer-running uptrend that started on November 5. It is also within a new upward channel since November ...

EURUSD only

I’ll wait until 6:00 pm to see how far the rise will go. Depending on that, I’ll decide where to place the additional short position. What can be seen at the moment is that the upward momentum is fading.

EURUSD only

I’m waiting for another attempt by the bulls to push the price higher and will see how far it goes. One more bullish push gives you a clearer picture of where the momentum might fade. After that, I’ll increase my short position to improve my average ...

EURUSD only

These are my current retracement targets (yellow arrows - H1 chart) in case it doesn’t make any new highs and turns around. I’m predicting that the upside potential is practically exhausted, given the overbought situation. I'm out for today, good ...

EURUSD only

I can’t remember the last time I saw such an overbought situation on the hourly chart, for example. All the indicators are extremely overbought, and yet it still wants to rise. I have no idea where this is going to end, but one thing seems certain: ...

EURUSD only

A correction is definitely overdue now, as the EUR/USD is currently extremely overbought on all timeframes – daily, hourly, and minute charts. With every pip it rises, the correction potential increases. Unfortunately, I entered short too early at ...

EURUSD only

I’m not sure what’s going on, but I think with this rally, pretty much everything is priced in at this point. Therefore, I believe we should see a proper correction before speculating on another rise. I still think the price should first reach the ...

EURUSD only

At the moment, it’s a fifty-fifty situation again, with enough room in both directions. I have no idea, but my feeling is that the bulls don’t have much strength and the bears aren’t really ready yet. That’s why I think it might top out somewhere ...

EURUSD only

It has been moving upward along the ascending trendlines (yellow and orange arrows) since the end of November, with small spikes both downward and upward. Basically, they want to push it higher, but I still have my doubts. Yesterday, it briefly ...

EURUSD only

A short-term long position might be beneficial now. In the short term, it is oversold. Good luck.

EURUSD only

Good morning. I see two resistance zones that are important to break for a further move up — see the yellow circles: 1.1672 and then 1.1682. However, I prefer the short side if price reaches the 1.1680 to 1.1720 zone, since the ...

EURUSD only

Will it hold? So far, it has held almost exactly at 1.1642 twice, and that could be a small sign that it will drift upward. In any case, it’s at a support zone where the probability of a rise is given. In addition, one has to keep in mind that ...

EURUSD only

Still waiting, nothing has changed except that now it’s hovering around 1.1650.

EURUSD only

It briefly climbed to just over 1.1680 again, then dropped to 1.1652, and now it’s hovering around 1.1670. I have no idea whether it will actually manage to rise above 1.1680 again; on the other hand, it also doesn’t look like it wants to fall. For ...

EURUSD only

I missed the short entry at 1.1680 this morning because I couldn’t watch the market. Maybe that’s okay, since it could still go higher even though it’s already overbought. If it climbs back into the 1.1680–1.17 zone, I will definitely go short. Wait ...

EURUSD only

As soon as it hits 1.1680, I’ll go short. Around that level, the RSI should be slightly below 70, which means that the other indicators on the hourly and minute charts will heavily be in the overbought zone as well. So, I’m slowly getting to the ...

EURUSD only

Right now, I'm watching the daily chart. As soon as the RSI goes above 70, I’ll try a short, no matter where it stands at that point. Of course with tight stops.

EURUSD only

The doors have been opened, and it has risen above the November high at 1.1655. The next targets are therefore 1.1668 (high 28th Oct.) and the zone around there, where there’s a strong, broad horizontal resistance. The zone is quite wide, ranging ...

EURUSD only