4 mins to Euro inflation data. But just realized that the actual pressure comes from US data coming in half an hour. Dollar Index looking strong again.

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Bear pressure continues as German CPI data is ahead in 30 mins.

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Your comments are definitely a great help. Most of the traders suffers from wrong entries. Even they guess the direction correct, wrong entry will cause them to close the position without profit. I see a lot of traders still opening a position ...

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I sold some of my shorts that I bought from 1.22, 1.23, 124, 1.25 levels. Still holding more than half. I think next week we won't see much action and price will get stabilized. From following week, I expect the downtrend to continue with target of ...

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Good morning all! I still think today is safe for bears. Next week maybe little better for bulls but not too much!

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I don't think 1.2054 will hold. I expect a bounce from 1.2000 first, possibly tomorrow or Monday. (200 MA) Totally agree on 1.1936. Beginning next week won't be as easy as this week for bears. Though second and third week of May I see more south ...

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In attached screenshot, I think the left candle I marked is the one we are repeating.

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Weekly Dollar Index graphic. Downtrend is broken. We just need to close the week 1.20X something for 100% confirmation.

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Waterfall!

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Someone should give a hammer to Draghi.

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The press release was the exact copy paste of 8 March press release. I guess market didn't like that copy paste so far.

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Same sh.t! The ball is in Draghi's hands now. PRESS RELEASE Monetary policy decisions 26 April 2018 At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the ...

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I wish Draghi moves this thing up first to 1.2240 area and then sharp down. That would be much nicer for bears.

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Exactly. Even I think that this week's candle can be little longer. It looks to me like it will be close to the 18 October 2015 candle. Though in weekly graph still the breaking of downtrend is not confirmed. We need to get little further from that ...

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I agree. The market moved before the news anyway. It's a dollar move rather than Euro. Draghi may be catalyzer only. I already have short positions. Will keep them till 1.15x unless we break 1.2530, the downtrend line in monthly graphic.

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What Draghi will say in tomorrow's ECB press conference is hard to guess. Though I think Europe is not happy with 1.20+ parity. There is a huge disadvantage in competition. A. Money flow back to USA due to Tax cut. (Europe doesn't have tax cut) B. ...

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Weekly Dollar Index graphic. Downtrend is not broken yet. We need to see 91.000 to tell that it is safe to go all-in with dollar.

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Last time that 4 hours Dollar Index was close to 85 RSI was in October 2015. In 1 month the index went up 5 points.

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4 Hours US Dollar Index RSI was 88, in record levels. It is 76 right now. We need to get that RSI under 70 for the dollar move to continue. We need one more day in 1.2200-1.2240 range for it. Then Dollar bulls can come back for a bigger wave.

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I agree that we are in range in EURUSD. Before we see 91 in Dollar Index or before 1.2150 is broken in EURUSD its hard to be sure. Just wanted to say that it is too dangerous now to get position against dollar. Dollar had very strong move against ...

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