From the very long term view 1.12 seems to be a sweet spot. Would look kind of unfinished if it turned here from the perspective of those lines.

EURUSD only

Why would this make sense? Any divergence just comes from other currencies which are also comprised by DXY like GBP or JPY. What you are saying is that e.g. if USDGBP rises 5% because of some idiosyncratic Brexit issue, then this should impact ...

EURUSD only

Falling Wedge on H4, looking handy for the bulls.

EURUSD only

Not so sure about it. The ECB is a bit in trouble. Periphery yields are blowing out (e.g. Italy), which probably weighs on the euro currently, so the ECB will soon have to come back with QE. But this is no solution, because inflation is their only ...

EURUSD only

In my mind the problem is that the FX market is still mostly traded OTC via forwards. Traders of big IBs have so many forwards on their book that they have a representative sample of positioning of the market. Furthermore they directly see at least ...

EURUSD only

Such effects like from the trade balance are slow physical effects. The number itself does not affect the EURUSD. Just all else equal it adds slight upward pressure every day from physical transactions. If there are more imports than exports dollars ...

EURUSD only

It was not 100% dovish because the ECB outlined conditions for rate hikes, in particular if inflation gets anchored above 2%. So they were talking about it and in this respect Lagarde said "it is not for me to tell whether markets are ahead of ...

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Hey Ata, first time I saw you losing several times in a row - normally I only see you winning But in the end you go the big move, still impressive! May I ask about your trading rationale today? Why you did you e.g. not trust in the downward ...

EURUSD only

hahaha, nice one

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Sounds like the content of a fortune cookie!

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Good news, thanks! I was already concerned about the long ratio rising above 50%.

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your main order nearly back in the green - like a boss

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Haha - nice one! Well, without his acting the euro might not exist any more, which would be much more fun for currency traders. Having all those currencies back. Besides this, there are just different mentalities in judging his acting. Italians like ...

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Wait until Draghi pulled Italy out of that whole.

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Think if this little wedge breaks there is a chance for a rebound from 1.2117 to make it a channel.

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Looks like a rising wedge.

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I still go with this scenrio you posted

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Or you can draw this channel somewhat steeper, in which case it would go down to 1.2060-70 area.

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I think exactly the opposite. See no reason for going short here. The US will inflate the value of the dollar away.

EURUSD only

you could even draw it as a falling wedge. this would be a nice trick, when everyone expects a channel.

EURUSD only