But on the other hand it was not able to make a lower low while trying twice. Today there are no important numbers on the schedule so the question is which direction is of least resistance. I think it will be running against the 1.1310 until it ...

EURUSD only

Dude, what is this supposed to show? It looks even more confused than the fibos of the other special guy here.

EURUSD only

From a fundamental view we saw the dollar smile working once again and acutally it can be traded quite well. If an important number comes in way better than expected or way worse than expected the USD will rally, otherwise it will sell off. ...

EURUSD only

Hope 1.1245 is never touched again, in particular not today...

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lol - what substances do you take before you immerse yourself in fibos?

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In the DXY the resistance looks even clearer.

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To me these two patterns are not the only valid possibilities. We also had a bullish triangle breakout and we still have a good channel, though it does not use the original trendline which you drew and it was broken once. It would be broken again ...

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@ursinho: These fibo lines look quite shitty to be honest. The way you drew it one cannot even verify that they fit the data, but it seem not to be the case.

EURUSD only

This relates to the question on my comment from the 2.July: I meant that risky assets were performing, in particular stock markets were having a bullish breakout from a symmetric triangle. This happened in the context of a sizable Corona risk ...

EURUSD

This sellof makes not much sense while risk is rallying, I would buy the dip, but I am long already.

EURUSD

I just checked, it was definitely not the case for the EURUSD or the DXY. For a broad USD index there was a period from 2006 to 2013 where this worked on average but over 25 years the July performance is flat and it in 2014 and 2015 the broad USD ...

EURUSD

Is this a pattern you can explain fundamentally or is this pattern highly statistically significant? Otherwise it is probably just by chance..

EURUSD

Just as a cross check - the DAX (and probably other European markets) shows a signifikant breakout of a major triangle continuation pattern today which strengthens the case for EURUSD for follow suit.

EURUSD only

My target is based on the trend channel which I posted previously and on the fact that around 1.16-1.17 we will touch a resistance line coming from 2007 which will most definitely trigger major setbacks, if we should get there.

EURUSD only

Now is decision time, we just touched the upped resistance line. If the price after todays payroll report is above 1.1290 I would consider this a major breakout with target 1.1650. Correction: the upper resistance line is at 1.1293 currently, so we ...

EURUSD only

Just spotted that the intraday pattern looks quite similar to the daily pattern, but of course we will see much earlier how the intraday turns out, maybe some inference can be made.. Marked the falling wedges.

EURUSD only

Current pattern since 1.1260 was crossed looks like a falling wedge, bullish breakout expected latest at 1.1245

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Yeah this is finally a reaction that made sense, because in my opinion the USD strength of the recent days was due to a Corona risk premium being built in and these numbers just smashed concerns for the time being. Though the range between 1.1267 ...

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Nobody opening longs?

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Sorry forgot the Spanish PMI which also bet expectations.

EURUSD only