The Feds have increased rates at a pace never before seen in US history. Some time needs to pass to see how these rate increases have affected the economy. So I do see 50BP in December, and maybe one more 25BP before they hold. I doubt they cut ...

EURUSD only

I disagree. First of all, a high USD makes the entire world suffer, including the USA. USA exports cost more, and GDP falls. FED Powell does not want to see the S&P higher, but they also are handcuffed by higher rates. The higher the rates, the ...

EURUSD only

Fed Daly talking now. Says according to CPI, what the Feds are doing isn't working. I wouldn't be trying to catch the EURUSD falling knife. The target is .96 minimum.

EURUSD only

So far, looks like the Option was sold, and profit is taken. Market Manipulators... FML... Short entered at .9793. SL moved to BE. Looking to get back in the .96 arena.

EURUSD only

One large option expiring today @ .9790 in next 2 hours. I wouldn't be surprised to see price touch this and reverse immediately. OR, it could serve as a ceiling.

EURUSD only

I posted this chart back in July. It played out perfectly. Now it's time to reverse. I see a minimum 3 waves up in either an ABC correction OR 1-2-3 in the next 5 waves. I think we see at least ~1.2. Time will tell. Cheers!

EURUSD only

HAHAHAHA! I love the chart, VERY technical looking. I do agree, I have my TP set at 1.004. Cheers

EURUSD only

Someone had a large option expire this morning. You can see the price drop below that 1.000 level right before the interest rate decision. I think this means they thought that price will probably move higher, so they bought enough USD to push the ...

EURUSD only

As long as we stay BELOW 1.00512, according to EWT rules, we can still hit below 0.98. Im looking to take some profit soon and prepare to BUY more on the dip Cheers!

EURUSD only

.9864 Will be the next big fib extension level for big reversal as well. I have closed some of my LONG positions here, getting ready to buy more dips

EURUSD only

There will be a lot of defense at parity. Even the ECB will be defending this level.

EURUSD only

The next big fib extension to the downside will be .98212 and then .97227. It will take something in the news to break below these levels for certain. Otherwise, we should start to move higher. Selling at these levels is becoming very risky, ...

EURUSD only

It would take me hours to explain them all. But I can give a few: 1. US government debt- Issued at ~2%. They didn't expect the bond market to sell off so much. Maybe they expected 2.5% or 2.75%? So they factor that in when issuing debt. Now, new ...

EURUSD only

Big-time Fib extension levels coming into play now. 1.0041 and 1.0022 are very important levels.

EURUSD only

Actually, there are not a lot of big money options in the Forex market that are expiring today. That all happened yesterday. Today a lot of options expire in the US Stock Market. And that will have some effect on the forex market.

EURUSD only

DXY just extended over the .702 retrace of 107.906. I believe this is a good SELL point on DXY, or BUY EURUSD. I have a bearish bias on DXY for the next year or two given, well many factors. The USD is the MOST crowded long trade in the forex market ...

EURUSD only

I don't think the downward pressure will be sustainable. I closed my short position. I am now looking for a short-term long position. Here is a DXY chart for reference. I expected DXY to hit the .618 extension, and it could go to .702. So a safe ...

EURUSD only

I totally agree here. My largest holding in stocks right now is the VIX. I do expect a pullback in the market, and it seems that the USD has had the risk-on trade. This could mean a sell-off in USD is coming along with the market. Cheers

EURUSD only

1.0095 just tapped, and rejected... For now. This has been my target for some time now, and I know a couple of other traders too. I have closed my short for now, and ill see how price reacts from here. Looking for a BUY, for now. I do believe parity ...

EURUSD only

I think 1.01 is safe, I do see 1.0095 as the next stop, could go lower, but risky

EURUSD only