Eur/usd short term market content prediction

expiated said:
My support level for EURUSD was at 1.0587. With the rate having moved below that benchmark, my take on the pair has to be revised, at least for the time being, recommending that I watch for a justifiable entry level for shorting the pair.
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The "justifiable entry level" I was waiting for unfolded at around 1.0579, where I see the bears as having finally gained the upper hand...

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(1.0587 was yet another defensible potential threshold I had under consideration for when it might make sense to sell EURUSD.)
 
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zzz123 said:
I would suggest keeping half size, tomorrow it is likely to come back to test that area again,
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Everything I'm seeing at the moment says to pocket gains now, at 1.0532, and wait for the next pullback to catch the next leg south. (Though a buy-and-hold approach is supposedly more profitable in the long run, that has not been my personal experience.)
 
expiated said:
Everything I'm seeing at the moment says to pocket gains now, at 1.0532, and wait for the next pullback to catch the next leg south. (Though a buy-and-hold approach is supposedly more profitable in the long run, that has not been my personal experience.)
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agree
 
Eur looks weak, but I still feel it will manage to come back to form a sort of rally, but eventually, it will go down hard, there is a lot of overhead supply above.
 
expiated said:
Everything I'm seeing at the moment says to pocket gains now, at 1.0532, and wait for the next pullback to catch the next leg south.
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For me, this simply represents the initial stage of the pullback I referenced above, with the upcoming leg south, IF it ever unfolds, not even a shadow in the mind of price action at the moment...

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Eur shoot right back on top, nice, as I expected, but everything is still within the context of my prediction, sure there is some difference here and there, but you got my point
Currently, I am still looking for that weak rally, I got some idea of how it's going to evolve, we will see.
Please don't be short at the bottom of this trading range, no matter how good the setup looks, for some reason, now the market like to show strength on the bottom, nobody fights the market right?
 
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zzz123 said:
I would like to start some Eur/USD market content prediction, it is different from setup, but if the content is correct, every setup works. content is about market emotion, public expectations, and market character, the short term is about one to the two-week timeframe.

in short term the rally on the Eur/USD is out of steam, on Friday, the market try very hard to try to set up a short scream but failed, disappointment will kick in and the market will pull back as a result.

so there should have a lot of range trade, the value should keep below the highest point of this rally if the market does test the highest point should be quickly reversed back to the range.

market content will keep changing based on real market condition, let's see what happen next week.
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ECB still has more work to do in taming inflation compared to the FED. So I'll like to stick with the presumption that this rally can go higher and maybe fueled once we start to see significant decrease in the Ukraine war or loosening of jobs in the US becomes apparent and we're far from that especially for the latter.


Bearish trade most likely would occur considering markets have to retrace but definitely not long term. Maybe a few days
 
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