The reject on the 1hr candles are worth looking at.. if the red candle closes below 1.16450, I'm turning bearish until the next news event

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Set-up validated it's showing little profit already I'm not not risking much so I'll leave it and let it run

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Sincerely, I expected the positive data to push Eur higher than 1.1665.

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Rest assured, there will be much movement in the market today.

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Slow and steady. German PMI data might be the catalyst for the big moves.

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Let's wait and see how this play out, I'm expecting price to test 1.1665 zone. I'll look for a sell from there.

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1.1650 resistance was broken.. new resistance might be 1.1690-1.1700.

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Seems like the bulls owns today

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We might see the market ranging till Friday. Seems big players are being very cautious of Feds stance on rate cut

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TRADE UPDATE We have a new resistance level at the 1.1650-1.1645 zone. Since the bears are gaining more momentum ahead of the Jackson hole and Powell speech, we might see the sell-off go deep today. I expect the price to test 1.1600-1.1590 before ...

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The market moved the way I was hoping it would but it failed to test the 1.1700 zone before selling off. I'll be waiting for an opportunity to ride with the bears momentarily. THE RATE-CUT COOL DOWN IS TAKING EFFECT!

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TRADE UPDATE: EURUSD moved as expected and currently trading at the 1.1690-1.1700 zone. Am patiently waiting for the market to show bearish momentum around 1.1700-1.1715 zone, but if the bullish momentum continues then i'll be targeting 1.1750.

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Breakout above 1.1682 right?

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I have a long position already at 1.1657 but I don't want to be aggressively bullish just yet.

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I was in the same situation yesterday also, closed ny shorts too early I believe that as long as the price doesn't break above 1.1700-1.1715, the bears are still in control.

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Today, I've confirmed that the bears are taking over because of the rate-cut cooldown. The positivity of the Trump-zelenskey strengthened the Eur and i expect the price to test the 1.1690-1.1700 zone tomorrow before the sell-off continues to the ...

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Trade update: Locked some profits... was hoping the market will retracing upto 1.1690 so i could add more positions but it never did. Probably, we might get a retracement during the Trump-Zelenskey meeting.

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Trade update: EURUSD is dumping, the cool down is taking shape gradually. Locking some profits right away

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This week, I am going bearish on EURUSD Based on the previous PPI report which signals a potential spike of inflation in the coming months, investors will be looking to temper their rate-cut expectations leading to a possible rate-cut cool down. ...

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news might be the catalyst for the bears... we might see a little push to the upside then a sell-off

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