The EUR/USD closed lower this week after the 1.1600–1.1579 support zone was broken and flipped into resistance. The pair reached the 1.1500–1.1491 support zone, closing just a few pips above it as the week ended with a strong dollar following the ...

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The time to close for the week has come! EU should stay below resistance at 1.1552 and above 1.1491 weekly support level. More support below is at 1.1468 low. The trend is bearish but its not good time to take positions as the close is near and its ...

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1.1500 zone is too strong, will need strong fundamentals and a daily/weekly close to break for good.

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From a risk money management view, it is prudent to close all short-term orders just before the release and then reassess the conditions. Then, if the news is bearish, sell, if the news is bullish, buy with caution on a bearish trend (as the EU is ...

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I have to worry as its Friday!

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The EUR/USD stayed within the 1.1520-1.1550 range overnight after the September NFP (Non-Farm Payroll) release printed better than expected yesterday. The 1.1500-1.1491 support zone is holding the pair from a bigger drop towards 1.1445 and 1.1400, ...

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Maintaining the bearish view below 1.1550/42 towards 1.1500 or lower on stronger jobs and less fed rate cut expectations for dec.

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The drop caught me of guard too, fast! Now I expect some consolidation at the lower level at 1.1491-1.1500. Lets see.

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The EUR/USD dropped to 1.1510 after the opening. Support is near 1.1491, just some pips below the 1.1500 psychological level, and I expect a drop there or lower to 1.1468. The NFP report for November has been cancelled and will not be released as ...

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I'll have to close for today. Fomc later might not offer anything new and then NFP tomorrow should confirm the weakness in the US jobs market but the release is going to be old (Sep.). So its interesting to see how eu will react if it retraces up at ...

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Its hot! Better exit quick before the drawdown becomes big. Then you cant recover! A 4 hours range is good for scalping on small timeframes 15 or 5 min. but when its early before news and some dust has been settled.

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I never trade a right shoulder on timeframes shorter than daily chart but if it maches any other technical entry from lower support levels then I have the pattern for a guide. Bears can easily drive the pair lower to 1.1500 so staying out of longs ...

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Made 2 pips on a long scalp (out of my plan) but missed this move down. 1.1563, 1.1556 hit now 1.1440 and 1.1530 left before 1.1515 and finally 1.1500 or some lower. Still bearish waiting for that perfect entry.

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Retracing back without a proper signal yet. Must stay below 1.1608-1.1597 zone so it can have chances of going back down. If I see a good rejection from the zone I might get in. Last time Powell was hawkish enough to bring USD up! ...

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Monitoring on the 1 hour or 30 min. timeframe for a bearish rejection of 1.1571 as price moved below. Taking my time here. I want to see a good close below for confirmation. Seems bears are taking control!

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My scalping range hasn't been reached yet! If it gets at yesterday's high I might get in, good luck!

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The EUR/USD stayed in a consolidation range between 1.1608 and 1.1571 after it broke 1.1579 support yesterday. The chart shows indecision between timeframes, and it's unsure where price is going to travel next, so more confirmation is required from ...

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I believe we are getting something now but Ill have to wait for the market to close except 1 and 4 hours candles that will also need a confirmation and we are near the London close, to get a shorter timeframe image of what's going on. Then ...

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Me too! Avoiding even scalping. I might become too risk averse but that's my plan for now. Looking down to support, lets see if we get a bounce up if it gets there - 1579

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