EURUSD got sl wait for trade
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EURUSD got sl wait for trade
EURUSD EURUSD: making a move after pretty rangish trading for a while; up above the trend line & the resistance at 1.1544; now the next resistance is the 50 WMA- around 1.1585; support at 1.1544 & the trend line; not much by way of data today; ECB prez Lagarde & ECB’s Lane speak today; don’t expect anything remarkable to come out of that. The fact that comments from any Fed official, however non influential causes market swings of billions of dollars while that of the head of the ECB barely even catches major news is food for thoughtEURUSD lets go, something is cooking , going toward 1.15417
EURUSD book the partial
good move captured in Euro/us
EURUSD EURUSD: weekly chart ; the one reason why the Euro hasn’t weakened as much as other majors have is that the pair is not yet in bearish zone on a weekly timeframe; that changes only on a sustained break of 1.1447; if that happens the first target is 1.1250; anyways on a daily timeframe, it remains a buy on dips; resistance at 1.1544; support at 1.1483; ECB prez Lagarde speaks today; doesn’t really matterEURUSD EURUSD: broke below the trend line till a round of profit booking took it back above the line; busy day with PMIs, Lagarde & De Guindos speaking and of course what matters more- USD chatter. Yields are spiking a bit, but that’s a worry for another day; sell on rise; if the trend line breaks, then next support at 1.1483; resistance at 1.1544 & at the 21 WMA at around 1.1560EURUSD 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 1.1483EURUSD 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
EURUSD Idea: 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