You might want to apply the same technicals on the dollar index. We are at a point where the trend-line on the H1 DX (and soon H4) is testing breaks to the upside.

EURUSD only

Yeah, but, institutional traders could lose their jobs trading against fundamentals here, specially end of year. Most must be on autopilot holiday mode. If institutional lots are not adding longs, price should slowly go down to 1.13, but for the ...

EURUSD only

I like the way you are managing trades and communicating with the feed. End of year moves are not as liquid. I should really avoid being in the marketplace right now, because abnormal days or less liquid days may build bad habits, but, couldn't ...

EURUSD only

Looks like your forecast for a Friday sub 1.14 stays on course. It's probably going to take half a day to break the up-trend on H4, but, once that's broken, buyer's remorse until at least 1.13. If I can be patient enough, for scalping, perhaps ...

EURUSD only

Sorry Ata, but, great strategy on saving the pips on a knife. Had I been in your shoes, those would have easily been 30 pips. Scalping longs above 1.13 is going to be tough because the post-fed move might be mostly commercial consolidation and ...

EURUSD only

Well, you mentioned that you don't get out based on just enough is enough. In the past, when I have went against weekly trends, I learned the hard way not to risk going further into shorter TFs, specially with a strong move similar to today's. So ...

EURUSD only

You called it nicely, however, weekly levels are in between 1.146X and 1.15. Given the sudden move up without any economic news, there is no fundamentals to support the move, or at lease support it any further than the weekly levels.

EURUSD only

Last weekly entrance short of the year established on EURUSD. Good luck to everyone. Hopefully see you a few hundred pips away.

EURUSD only

Calling 1.1460 ceiling.

EURUSD only

You think so? The markets are not expecting a hike, nor do I. Reason being, inflation has already stabilized and input costs continue to go down. Unless, the Fed sees target inflation as OK to pressurize a few points below 2%, since they do expect ...

EURUSD only

In days like today, you get a feeling there are a ton of stop losses for the longs, and you are probably correct, most are long, but if I am to bet, for not that long. If we get a rate hike, which is not in the forecasts, this pair will dive. ...

EURUSD only

Thanks for the explanation. Your relative perspective makes sense. While tariffs do not help either economies, relatively, it's definitely a survival game until the other gives up.

EURUSD only

I see your point, thanks. It would be a nice combination of this level holding while 1.1392 also breaks.

EURUSD only

I can see how you are looking at 1.2X from a historical perspective. The US economy is strong and should continue its strength with a potential normal 1.5 year limit recession. All your other points except the protectionist policies are making sense ...

EURUSD only

December 10, same time as now H4, is a potential institutional zone.

EURUSD only

Until the Fed joins, there is ample time, however, the dollar index could have bottomed here. This week's gap down window has not been filled, and, I don't see a fundamental reason other than the political rhetoric against the Fed by Trump to have ...

EURUSD only

Fundamentally, I find it hard to imagine EUR gaining strength pass the daily and weekly technicals against the USD in the short term. Typically in political turmoil, extreme levels get tested, which may even be towards parity in the current ...

EURUSD only

Seems to be a sell area right here on H1 and H4.

EURUSD only

Under normal circumstances I would agree with you. The BoJ is looking at the markets with fingers on the trigger to buy the USD.

EURUSD

If I were the BoJ, I would short the yen for a clear cut through 113 and reverse this down trend.

USD/JPY Discussion