That's ok because so I was able to increase my long even more..

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Why? Because it‘s Friday?

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Not necessarily, but if it is then it will likely reverse after London close. Until three days ago it looked like month-end would definitely be USD selling, but then stocks crashed the level where we started the month, so the month-end effect should ...

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I read most hedge funds switched to short EURUSD in the last days, so let‘s create a Gamestop like short squeeze and meet again at 1.28 so we can all write big checks to our mothers.

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Now that 58% of traders are short

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Leveraged long until max, push it through the limits guys.

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btw did you see german cpis yesterday. funny how the ecb is pretending to lower rates again while german inflation is jumping up. these fake ecb threats will explode in their face in form of a skyrocketing eurusd.

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Not gonna happen

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First they fill the sellers to shoot up afterwards. Wait for it, here it comes

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Falling broadening wedge on M15

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The ECB wants to keep the euro weak, but there is not much they can do. Usually more QE = weaker currency, but I reckon in this post recession regime even more QE would not help to weaken the euro sustainably as central banks and investors ...

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If US stocks stay positive MTD we will most probably see USD selling on Thursday and Friday as end of month rebalancing kicks in.

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Looks a bit like a rising wedge now on M15, not sure

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I am proud of the bulls today, doing a decent job so far.

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Finally bullish again..

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As I showed in the attached graph of the quoted message the DXY can also be seen as a diamond with target 80. When I posted it it was at 97.4 so we nearly made half the way.

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The last high was way below the upper resistance of the green channel. Hence it would not be a surprise if it would break through the green support line.

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Symmetric triangle forming on M60, read that as a continuation pattern for bulls.

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Is this a rule which works on average? Could easily backtest it.

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Lol, you are always in for a two sigma event Just wanted to mention though, the last three days we saw higher highs and higher lows, so it very much seems that bulls are in control again.

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