Up to the hourly downtrend line and through a round number at 1.16 - good place to trap more bulls.

EURUSD only

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EURUSD only

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EURUSD only

Bulls continue to inhale hopium for rate cuts...

EURUSD only

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EURUSD only

It's important to make firm decisions about what timeframe to trade, and not allow timeframe creep to rationalize price movement that goes against your position. There's nothing wrong with being opportunistic, though. But if trading longer ...

EURUSD only

1.15 is not strong support IMO - it's more of a precarious toe-hold above the plunge to 1.14. Prior to all the noise in the media last summer about weakening US labor markets, "too late Powell," demands for the Fed to not be the Fed and just do ...

EURUSD only

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EURUSD only

This market gave itself permission to trade all the way down to 1.14 last Friday. Not that it's guaranteed, as nothing ever is, but the remaining pips to get there are like a half of a pizza - you already ate the first half for real, and you're now ...

EURUSD only

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EURUSD only

A breach of the early October lows leaves it wide open to hit 1.1400. Just...lots of air below.

EURUSD only

Of course, like any of us, I could be completely wrong. But you have to dare to have an opinion if you trade with real money.

EURUSD only

Looks like the US PCE deflator data we were supposed to get on Friday has been postponed. That would have been the big gear in the machine for the week, but now it's probably down to the ECB press conference.

EURUSD only

That's a banger of a picture.

EURUSD only

I wasn't long, haven't been bullish, still not bullish. It continues to look like the longer-term rollover on the daily chart is developing. The 1.11 target I have mentioned several times is still in play IMO. Banks have higher targets for EURUSD ...

EURUSD only

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EURUSD only

Fed fund futures markets have very high probability of 25 bips rate cut baked in. I would expect the usual algorithmic spasms and volatility but no real trend will emerge unless the FOMC press conference yields some unexpected disconnect between ...

EURUSD only

Unless something crazy happens geopolitically early this week, markets are unlikely to commit to a direction until the big economic headlines come out starting with the FOMC press conference Wed. afternoon. The FOMC 25bips rate cut is already widely ...

EURUSD only

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EURUSD only

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EURUSD only