So we might see some consolidation before us cpi this week

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Yes bulls didn't follow the first time but they might give us this pullback finally. I've got 1.1650 too.

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Probably we'll see the gap closing after this mornings positive movement but 1.16+ should cap.

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The EUR/USD opened lower at 1.1546 and hit a low of 1.1507, approaching the 1.1500-1.1490 support zone and leaving a significant gap. If this zone breaks, the downward trend is expected to continue toward the next support at 1.1468. Conversely, ...

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The EUR/USD saw a sharp decline this week following the Monday open. Previously trading near 1.1800, an opening gap lower ignited bearish momentum that easily cleared the 1.1700 and 1.1600 psychological levels. The pair eventually stabilized after ...

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The "path of least resistance" is currently lower. The market is testing the resolve of the bulls at this channel break, and without a fundamental catalyst to save it, the technicals favor the bears heading into the weekend. If the weekly 50 sma and ...

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In a normal world, a -92K jobs print would send EUR/USD soaring 100 pips. However, the pair is struggling to maintain its gains because of the ongoing war with Iran (entering its 7th day) is forcing capital into the USD regardless of the bad ...

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I was short at the start of the week but exited after the move at 1.1657 thinking the market will reverse but we are still in consolidation mode and bearish. The first falling wave after the gap was the best opportunity to sell but also my target ...

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Agree. The Middle East is on fire yet and oil and gas prices are higher without signs of de-escalation yet the weekend will be crucial. Risking another gap on Monday is dangerous. Probably an upmove will fade unless signs of peace hit the wires.

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The EUR/USD continues to trade within its established range following a failed attempt to breach support at 1.1530. Now trading back above 1.1600, the pair is looking to surpass recent daily highs. However, resistance at 1.1668 remains a hurdle for ...

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Correct my friend, taking it step by step when there is uncertainty and staying at sidelines is the best strategy

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This drop might be a fishing opportunity for more bulls to enter, but looks it will take some time to rise... if not going back below 1.1530

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The EUR/USD faced resistance at 1.1655 yesterday, subsequently consolidating below that level before dropping toward 1.1600. However, with the 1.1575 support holding, a corrective move higher is possible if the right conditions are met. Above ...

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I believe that the bull should try to hold 1.1600 if he wants to create a bottom with a higher target at 1.1747 or even higher but this zone around here and some below is critical. Sellers might get faked out!

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We also hit weekly demand on eu but as you said in an above post overhead resistance at 1.1700 is hard now as the pair collapsed below.

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Yea. I missed these moves by EU! 1.1500 looks hard for now but no-one guarantees that it will hold. I'm in a sell again targeting around 1.1470 low.

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The EUR/USD recovered after printing a low of 1.1530, subsequently consolidating in the 1.1600 zone, just below the 1.1625 high. Despite this recovery, the overall trend remains bearish. Resistance between 1.1668 and 1.1685 is currently capping any ...

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Trying to convince my self to add a short there, or get some support to do it if anyone sells. Buyers have the up hand here! Anyone selling!

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