$EURUSD

doggyfx · Aug 28, 2017

Draghi unlocked upside path for EURUSD, now expecting it to jump to 1.21 this week. Weak NFP should accelerate the timeframe for this case.

eurusdzn · Aug 29, 2017

Look at the 122 level on a monthly chart. A barrier with history.
Drahgi used this area for " whatever it takes" in 2012.
Lots of liquidity at 122 probably.

mlawson71 · Aug 30, 2017

There's a pullback from 1.2070, let's see how long it will last. So far there's no indication the overall bullish trend is over.

mlawson71 · Aug 31, 2017

EUR/USD also formed a shooting star bar on the daily time-frame at 1.2070, so the correction might end up deeper than expected. I think next target is around 1.1700.

mlawson71 · Sep 1, 2017

The US Non-Farm payrolls were announced earlier today but all they caused was a whipsaw and the tight sideways consolidation continues. It is unlikely it will end before the market closes this week. That said, once it does end there will probably be a new move to the downside.

doggyfx · Sep 1, 2017

mlawson71 said:
The US Non-Farm payrolls were announced earlier today but all they caused was a whipsaw and the tight sideways consolidation continues. It is unlikely it will end before the market closes this week. That said, once it does end there will probably be a new move to the downside.

Very weak report that derailed december hike completely, but dollar still on growth track. Maybe top players have their own view on Fed and US economy?

mlawson71 · Sep 2, 2017

doggyfx said:
Very weak report that derailed december hike completely, but dollar still on growth track. Maybe top players have their own view on Fed and US economy?

I have no doubt about that.
Whatever the fundamentals, however, the technical analysis hasn't changed - there is still a shooting star candlestick at 1.2070 on the daily time-frame and that signal for a move to the downside is still valid.

doggyfx · Sep 5, 2017

mlawson71 said:
I have no doubt about that.
Whatever the fundamentals, however, the technical analysis hasn't changed - there is still a shooting star candlestick at 1.2070 on the daily time-frame and that signal for a move to the downside is still valid.

Yeah the feeling grows that euro rally runs out of steam and dollar accumulates long positions near 92.00 before making a reversal.

mlawson71 · Sep 6, 2017

doggyfx said:
Yeah the feeling grows that euro rally runs out of steam and dollar accumulates long positions near 92.00 before making a reversal.

We'll probably have to wait for the fundamentals that week though, the pair is still stuck in a tight consolidation.

mlawson71 · Sep 7, 2017

EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.