EURUSD EURUSD: finally gives up. Inflation nos came in lower as expected; with the DXY rallying on multiple factors euro fell below the 21 WMA & then 1.1544; just a reminder the pair is not too bearish on a weekly timeframe; it would take a break below 1.1470 to trigger a big sell off in euro; Structure remains sell on rise; resistance at 1.1544, followed by 1.1570-21 WMA & support at the trend line & then 1.1483
EURUSD EURUSD: eurozone CPI nos today; markets expect a slightly lower no on the headline & a flat reading on the core; structure remains a Sell on rise; an interesting play in euro has been on the Non- USD crosses- EURGBP & EURJPY-the latter trading at levels never seen; EURUSD is a Sell on rise; resistance at 1.1612 & the trend line & support at 1.1580-21 WMA & then at 1.1544
EURUSDIdea: EUR/USD Trend Analysis: Will B… EURUSD continues to trade inside a broad descending structure that has been active for several weeks, with repeated breaks of structure marking the gradual weakening of bearish momentum. The pair has shown consistent attempts to reclaim internal structure, revealing that sellers are losing dominance at each successive swing.
EURUSD GBPUSD: one can ask why cable is trading higher despite all the headwinds and the answer lies with the big spike in UK yields. The 10y is up nearly 20 bps from Friday; now, one can again ask isn’t this on account of Negative sentiment on the fiscal side and if so shouldn’t this be negative cable too? That’s markets for you; low conviction Sell on rise; resistance at 1.3210; support at 1.3150 & 1.3110
EURUSD EURUSD: made an attempt to get past the key 1.1640 level which I had alluded to previously which is a key pivot right now; failed and now trading around the support at 1.1612; structure remains a sell on rise for now, which will change on a sustained break of 1.1640; below 1.1612, support at 1.1580-21 WMA; no data today.
EURUSD EURUSD: Euro threatened to break out into bullish territory, but then gave up some gains; a sustained break above 1.1640 will change the structure; let’s see; Industrial production data was bleak, but it’s now about the USD & not so much about euro; resistance at 1.1640 & if this breaks, target is 1.1730; support at 1.1612
EURUSD EURUSD: Euro has held well against the USD. German inflation was lower though the Core remains sticky; industrial production data today should be interesting with markets expecting a bounce in activity; structure remains a Sell on rise; resistance at 1.1612; support at 1.1544
EURUSD EURUSD: Another test of the trend line and 1.1600 which was sold into; the ZEW print showed weaker sentiments, but the markets shrugged that off; premise of course is and has been that the US’s troubles are bigger; Sell on rise- resistance at the trend line & then at 1.1612 and support at 1.1544
EURUSD EURUSD: finally gives up. Inflation nos came in lower as expected; with the DXY rallying on multiple factors euro fell below the 21 WMA & then 1.1544; just a reminder the pair is not too bearish on a weekly timeframe; it would take a break below 1.1470 to trigger a big sell off in euro; Structure remains sell on rise; resistance at 1.1544, followed by 1.1570-21 WMA & support at the trend line & then 1.1483
