yes... that's the rotation in the other currency pairs (which I will not name because every insider here knows why ) which I mentioned that I am observing.

EURUSD only

In the immediate term (next days to weeks) the story spooks the market. Yes... the dollar looses value in real terms over time... but so do all other currencies too. It is more the psychological effect. It creates the feeling of insecurity and that ...

EURUSD only

It might be time to consider it. A number of reasons speak for it. The old proverb "... sell in may..." we all know, the rattle in the market we start feeling (ahh... another bank belly up) and so on. The charts getting clearer too. On the ...

EURUSD only

Well, it developed as anticipated. I do not see a potential for a bullish bounce to 1.10xx. I noticed a rotation pattern between the pairs that - how I see it - supports the DXY for a serious move up. The Biden scandals and the debt ceiling together ...

EURUSD only

Nice wick great for re-loading. But... 0.1% will not hold Powell back. Especially when payroll stays so strong. So, for a short moment pivot folks will cheer. But reality will catch up soon.

EURUSD only

[quote=andvk74;14420943] image [/quote London had to exceed the Asia high. This time it tried to do it out of the gate. That's what the London gang usually does. But then it turned down pretty quickly... means the push up was done on principle ...

EURUSD only

That's fully ok. I do scalping occasionally too. But I learned on the hard way that scalping against the medium trend can be tricky and the potential scalpable moves are stronger when aligned with the medium trend. Finger's crossed

EURUSD only

Looking at the charts and what goes on on the round I would be careful with long hopes. For me a medium term trend change is developing!! The ECB decision only to raise a quarter full point was negatively received. and the price action accordingly ...

EURUSD only

Can Frankfurt print the engulfing candle? Go.. do it. Arrr... missed is

EURUSD only

Yeah, unfortunately. Maybe the German Prelim CPI can have a corrective effect...

EURUSD only

It looks like building the right shoulder (although a quite flat one) is in process... Well... we will see. The CPI data will bring resolve... BTW, German Prelim CPI m/m have no specific timing. They will be released sometime over ...

EURUSD only

ok... USD bears cashed 2x into the Golden Pocket and raided the EUR 1.0868 barrier. Seems they got a bit tired now. DXY Bulls have to work a little on the 100SMA. So, andvk74 show us your magnets image

EURUSD only

Meanwhile on the DXY... the price went back to the "Golden Pocket" for testing... or cashing in. For the ones new to the "Golden Pocket" term --> the area between 61.8% and 65.4%. On the EUR it almost hit the 1.08660... so fingers crossed. Maybe ...

EURUSD only

Is he out for the 1.0866? And if he fails will he roll over hard?? image

EURUSD only

@andvk74 it's trying to nicely roll over from the 61.8% fibo level. Rejection from the 61.8% fibo level is typically a strong continuation signal. Just being curious... is that a part of your system/model and why you are looking for 1.0680 and ...

EURUSD only

Well, as we have seen the good ifo data provided a 20+ pips boost. But it seems the momentum is fading on the 1.0772 line....

EURUSD only

Hi Ata, do you still have 1.0726 on the radar?

EURUSD only

I got rid off all my holdings too. Frankfurt didn't push to newer heights, so I abandoned my 1.0688 target for the purpose of securing what I gained. Anyhow, that was a really good run.

EURUSD only

Yeah, there was someone who once said "The market can stay longer OVERBOUGHT or OVERSOLD as you can stay liquid...". Yes I agree, a small variation of my. But it is true. Btw, as expected this has the diabolic number in the crosshairs ...

EURUSD only

Possibly. For that they have to drive it for the moment to 0621. Then there might be some struggle... but when 21 beaks all the shorts have to cover and that could drive the price to that diabolic level.

EURUSD only