It turned again just before hitting the next big figure, that is a good sign for the uptrend to continue.

EURUSD only

1.1840-45 should be a strong support.

EURUSD only

Most definitely, US PMIs looks surprisingly strong which makes a large fiscal stimulus a bit less likely.

EURUSD only

If we see DXY close below 92.25 this would be really USD bearish as the last long-term upward sloping trendline went though this point. Besides, equity markets will most definitely be up for the month, so end of month will pretty surely be USD ...

EURUSD only

Now it looks a bit like a falling wedge in DXY on M30, so not sure if EURUSD bullish will continue at this point.

EURUSD only

This is a falling broadening wedge on M3, about to burst. Or falling megaphone, however you want to call it. EDIT: Breakout worked as expected.

EURUSD only

Sure, that‘s the way to go. Just saying try to factor in the regime (post recession) and the superior theme as well (in this case monetary financing / twin deficit).

EURUSD only

First of all the vaccine will be available in Europe a few weeks later. Second, a post recession recovery regime, like we are in now, has mostly favored the Euro in the past. Third, and more importantly, the vaccine will not change the second wave ...

EURUSD only

Why?

EURUSD only

I would be interested in the blue channel, could you please show where this originates from in case you have a minute?

EURUSD only

It could indeed be a falling wedge, but so far the support line is not very well defined and needs some fantasy.

EURUSD only

Probably the EURUSD is collecting lots of shorts to get the power to ram through 1.19 and take off.

EURUSD only

Haha, ok thanks.

EURUSD only

Howdy, was just wondering if you are referring to the Frankfurt stock exchange opening or if there is an "official" FX opening hour for Frankfurt? Just in order to know when I should get up...

EURUSD only

Right now we are in a normal upwards trend. Rarely is a trend always in one direction, it is normal to make two steps forward and one step back.

EURUSD only

Only if you manage to make an initial profit a million of times

EURUSD only

Weak US data already signalling effects from local shutdowns - bad news for EURUSD bears...

EURUSD only

How do you come up with 91? The 92.25 comes from a long-term increasing trend line which has acted as support over the past weeks. In my view good US data is currently not so relevant because we see local shutdowns increasing and this in turn ...

EURUSD only

For bull enthusiasts: There will probably be a retracement from around 1.19 as said and the resistance might be too strong to pass (see DXY long term trends), however, if we break through this level and DXY does sustainably dip below 92.25 it will ...

EURUSD only