Good morning. I think I may need to adjust my sleep schedule, because once again the biggest move happened during the Asian session. Overnight, EURUSD surged from the low at 1.1578 up to the current session high at 1.1638 and is now ...

EURUSD only

EURUSD was on the verge of pushing up toward 1.1640 after already trading above 1.1625. Then, out of nowhere, Trump hit the wires and the market sold off sharply after comments suggesting he might refrain from nominating Hassett as a potential ...

EURUSD only

We’re almost at 1.1625 now. The question is: will price break through or get rejected here? If it gets rejected, it must not drop back below 1.1610. A break below that would weaken the rebound scenario again. If 1.1625 is taken out cleanly, the next ...

EURUSD only

I think price should drop once more into the 1.16–1.1590 zone to test whether it holds. If it does, we should then see the expected upside move. How far that rally can extend remains to be seen. However, if this zone breaks to the downside, a fast ...

EURUSD only

Could be, but I definitely don’t see any gap down to 1.15 that would need to be filled, at least not with my data provider. Either way, I clearly see a support zone between 1.16 and 1.1590, which raises the key question of how strong that support ...

EURUSD only

In the bigger picture, price is clearly trading within a descending channel (daily chart, purple). It has tagged the lower boundary of that channel almost perfectly (yellow arrow) and has also reached the 61.8% retracement of the November/December ...

EURUSD only

I’ve decided to wait for a rebound, as price is currently extremely oversold in the short term and has now also entered oversold territory on the medium-term timeframes. From there, I’ll reassess and decide on the next step. It’s always better not ...

EURUSD only

Good morning. As expected or rather feared price indeed dropped further and traded at and below 1.1630, reaching 1.1626. By breaking below 1.1630, the sentiment has shifted to bearish. That said, it will only be fully confirmed if price fails to ...

EURUSD only

As I mentioned earlier, I did not rule out another move into the 1.164x area, price even dipped below 1.1640 which I honestly didn’t want to see. As a result, I can no longer exclude another break below 1.1640, potentially down to 1.1630. However, ...

EURUSD only

Based on the current price action, I wouldn’t rule out another dip toward 1.1645, possibly even 1.1640, although that should only be short-lived. At the moment, there’s simply a lack of momentum on both sides, bulls and bears are basically in ...

EURUSD only

The market has already priced all of this in long ago. None of it is new and it’s unlikely to deliver any real surprises. I see it this way: if you’re already thinking about these things, what do you think the market is doing? As I’ve said before, I ...

EURUSD only

In the bigger picture, EURUSD is clearly in a downtrend, no doubt about that. On the daily chart this is obvious, with price trading within a descending channel (purple). But as always, markets never move in a straight line. Price action unfolds in ...

EURUSD only

Inflation and labor market data are the most important releases. Of course, one could argue that parts of the data may favor the dollar in detail, but in the end only one thing matters: how the market interprets it and what expectations it sets ...

EURUSD only

Added at 1.1647, BE now 1.1653. The euro is trying to move higher, and the US data is supporting that view, meaning there is currently no real reason for further downside. Back to the charts: as expected, price dipped once more into the 1.164xx ...

EURUSD only

Since it has now managed to climb back above 1.1650 again, it is crucial from here on that he does not fall back below 1.1640, not even by a single pip. This is necessary for the bullish sentiment to remain intact and to further strengthen. On the ...

EURUSD only

I don’t rule out one last attempt by the bears to push prices lower. It could very well be pushed briefly towards 1.1640 again, but it must not fall below 1.1638. That might actually be helpful to see how strongly the 1.1640 level is being defended. ...

EURUSD only

For me, the 1.1650–30 zone has now been tested sufficiently and successfully. As long as we don’t see hourly and daily closes below 1.1640, the bottom should be in, as the bears seem to be running out of steam to push it any lower. Accordingly, an ...

EURUSD only

Thank you. But I have been trading for over 25 years already, and for around 15 years I have been making a living almost exclusively from it. Yes, it’s a cool forum and I really like that things here are handled in a factual and polite manner. ...

EURUSD only

Looking to add long around 1.1630.

EURUSD only

Price is finally testing the 1.1650–1.1630 zone properly, with today’s low currently at 1.1644. If it manages to close the day above 1.1650, the higher the close, the better, then that would be the confirmation I’ve been waiting for. We’re not there ...

EURUSD only