[SF Monedge]

Side note – Advance/Decline ratio is decidedly underwater albeit pulling up a pinch.  That will usually effect Eur in tandem.

[SF Monedge]

Expecting Eur/Usd to decline from the 0850 area to around 0825 today  which is our equilibrium point.  Prefer entries around 0820 and 0810 if seen for the long side.

[Belgrade Bobby]

EURUSD Intraday

1.08600 – 1.08800 Resistance zone

Supports are at 1.08400 and 1.08350

We have two highs up there, with the later one a bit lower….does it mean something ?? Not necessarily – it all depends on next few hours – if we start a correction  from here, it might be able to surmount the highs and continue it’s Up move. Otherwise it might just run out of steam .

One idea can be Buying it in 1.08350/400 area with the Stop just below 300 , for the test of previous highs…so risking 5 pips for possible 30-40. Problem is the time and lack of any serious data today…nothing to move it sharply…

 

[Swiss Frank]

eur/jpy weekly A-B-C off the 94.50 low targets 165.50 where A=C. I think.

[GVI Forex 2]

EURJPY Weekly Chart

If you are looking for what flow may be driving EURUSD higher today, look no further than EURJPY as one source

I had to go to the weekly chart to find the next key target at 164.26

Using a 4-hour shows key support at 162.55

For day traders use a shorter time frame.

[Belgrade Bobby]

EURUSD – Outlook for tomorrow

Support at 1.08050 and 1.07800 – bellow would open a way for test of 1.07450

Resistance in 1.08800 / 1.09000 area

As much as a correction to down is needed, it still can first try Up tomorrow morning.

This is not a good place for Buying, and still no reason to Sell it.

We’ll go with smaller time frames , and follow as it develops.

 

[GVI Forex 2]

Week Ahead: EURGBP

EURGBP Daily Chart

The consolidation range is clear at .8498-.8578

This suggests .8500 will remain pivotal as only a firm break would open the door to another leg down.

On the other hand, only a firm break of .8578 would suggest the low is in for now/

Why am I highlighting EURGBP?

1) If you trade EURUSD and/or GBPUSD, you need to keep an eye on EURGBP as flows involving this cross often have an impact on price moves in EURUSD and GBPUSD

2) Month end (Feb 29): I have observed increased activity in EURGBP at month end, which in turn often sees erratic flows not only in the cross but in EURUSD and GBPUSD. So keep a close eye at month end as it can offer trading opportunities in respective pairs as well as in EURGBP. In this regard, watch price action throughout the day but especially leading up to and around the 4 PM London fixing.

[SF Monedge]

Monthly yields are up, yearly yields are down.  Not a unanimous vote for the day.  Believe Aud/Jpy should hold 98.65.  Like long side of Eur/Jpy from 162.50 area still though not expecting much.  See 150.30 area holding.

[SF Monedge]

Eur – Do not believe it will close above 1.0830 today.

[Belgrade Bobby]

NVIDIA – Whole planet talks about it….it is Viral…it is Hysterical

Even my wife asking about it ( and she couldn’t give a **** about it ) …my younger daughter asks about it ( at least she is just worried if the price for her next generation graphic card will go up )

Till yesterday it was Gold – half a planet bought it on the top….

Now the other half will buy NVIDIA stocks …on the top

Me….I don’t give a flying ****….EUR goes up, EUR goes down…that makes my day…

[Belgrade Bobby]

EURUSD Intraday

Support at       1.08150

Resistance at  1.08400

Bullish as long as support at 1.08150 holds.

Above 1.08400 targets above 1.09000

 

[SF Monedge]

Eur 1.0810 is a key pivot in our model if it holds the pair is bid, if not it’s a sell.  Secondary pivot on the upside is 0830 which should inevitably be targeted if 0910 holds in our model.

[GVI Forex 2]

EURUSD

As posted earlier,

Technicals are still positive, expect support if 1.0840 holds

If not then it is back to 1.0800-20

[Mtl JP]

this peasant would like ideas on how trade this:
Reuters Explainer
–
Why huge European Central Bank losses matter

FRANKFURT (Reuters) – The European Central Bank chalked up another large financial loss in 2023, burning through the last of its provisions, and said more losses are forthcoming as high rates push up interest payments to banks.

While the bank said it can operate effectively “regardless of any losses”, the accounts have broader implications – from reputation and independence to state finances. …/.

somehow, knowing my european princes, reputation and independence are not a part of their calculus.
and when it comes to state finances, again by my own understanding, for them it is “my way or a beating” dictates

TIA for ideas

[GVI Forex 2]

EURUSD Daily Chart

Flash PMI whipsaw day: Up on stringer French flash PMI, down on weaker German PMI

The solid break of 1.0805 saw a move up that came within 9 pips of the target at 1.0897

If 1.08=1.09 has replaced the 1.07-1.08 range then 1.0850 is the obvious bias setter.

Technicals are still positive, expect support if 1.0840 holds

If not then it is back to 1.0800-20

[SF Monedge]

As noted previously, our friends at Gtwo3.com continue to maintain long positions in nearby Euro futures.  A rally through 108.62 could lead to 110.97, or so.

[GVI Forex 2]

\EURUSD 4-hour chart: Inside day on Wednesday.

Good update Bobby. I will add my thoughts

I asked the question last week whether EURUSD is bid or bid in an offered market?

Looking at this chart technicals support the former but only if 1.0761 holds and 1.08+, trades, which would suggest there is more room on the upside.

Resistance comes in at 1.0824-39, the letter is the high for the week and then a void until 1.0897
‘

[Belgrade Bobby]

EURUSD Day Ahead

Looking at the Daily chart, seeing a Pattern emerging that is calling for further Upside  move.

Support at 1.07950 and it is quite possible to be revisited tomorrow, so Buying at that level seems prudent, for the move to 1.08500 and even 1.08875.

Tomorrow we have some important data – check Economic Calendar –

Maintain Stops , avoid being dragged into the data !

[SF Monedge]

Short for Eur/Jpy is 162.57 with a very, very tight stop.  Aud/Jpy is same fashion.  Not short Usd/Jpy due to USD strength overall.  These are only small pip trades and only for the bored and agile, as well as being counter trades.  Purely intra-day.  The proper call has been to be long these pairs.

[SF Monedge]

Preference this morning has been a long aud/jpy, long eur/jpy, long usd/jpy so far, but now countering out of boredom and seeing possible exhaustion even if only for small pips