[SF Monedge]

In case anyone is completely bored and looking for an intra-day play I am short Eur/Jpy as a counter trade, a bit risky, move at your own comfort level.  Usd is bid overall.

[Belgrade Bobby]

EURUSD – 30 min chart

Res – 1.08105 Supp – 1.07850

[Belgrade Bobby]

FX option expiries for 21 February 10am New York cut

The first being for EUR/USD at around 1.0778-80, which could help to limit any downside action in the session ahead. That also sits near the 100-hour moving average, seen at 1.0776 currently. As such, the expiries could double up as a supportive layer for price action before rolling off later.

Then, there is the one for USD/JPY near 150.00 again. The large expiries there should keep price action more limited and centered around the figure level still, as we have seen through the week so far.

[Belgrade Bobby]

EURUSD – one possibility just occurred to me – if it goes bellow 1.07600 , it would be a perfect tail for Sale….just a thought

[Belgrade Bobby]

EURUSD

Supports at 1.08000 and 1.07850

[Belgrade Bobby]

EURUSD

Without going in what might or might not happen in coming days, I’ll stick to what should happen tomorrow.

Supports come in 1.07800 – 1.08000 area – every 5 pips might prove hard to get through…

So, if the area holds , we should see tomorrow even bigger move then today – we might run straight for the 1.09450

But if bellow 1.07800 – All Bets Are OFF

 

[SF Monedge]

I noted last week I believed Eur/Jpy might target the 50% mark of our model, which is 162.20, it has been revisited repeatedly overtime.  It was reached, but it is not looking very decisive.  That said, it is still bid as long as 191.90 holds in our model.

[Mtl JP]

exciting ?
“Elon Musk says first Neuralink patient can control a computer mouse through thinking”

I imagine trading on my toy similar to Samantha (Liz Montgomery in Bewitched) casting a spell

[Belgrade Bobby]

EURUSD – has to stay above 1.08100 or face the deeper correction

[Mtl JP]

EURO 1.0820 as I type
–
with puppy jumping over feb 12th high, it ll need to keep above it if it is to slink higher towards 1.09

I am slightly biased bullish for now.

[GVI Forex 2]

EURGBP .8550

Down after failing to hold .8570+

Note price action in respective pairs (GBPUSD at high for the day, EURUSD backing off its high)

[Belgrade Bobby]

Those that Bought EURUSD last night at the support area, either take your profits now or move the Trailing Stop to just bellow 1.07900 .

[GVI Forex 2]

GBPUSD 15 minute chart

Why did GBPUSD pop higher?

Look at a EURGBP chart (back below .8570, last .8565)

Simple algebra GBPUSD/EURUSD = EURGBP

[GVI Forex 2]

EURGBP Daily Chart (correcting or end of trend>)

Those who have followed me over the years have seen me say you can’t trade EURUSD or GBPUSD without keeping an eye on EURGBP. The move up in this cross is behind some of the demand for EURUSD while GBPUSD struggles on the upside.

As the chart shows, EURGBP has bounced off a test of .8500 *just below( and is currently trying to establish above,8575, which would expose .8592-.8620 as the last leg down is negated.

On the downside, it needs to hold .8532 to keep the bid but .8570+ for the string bid.

[GVI Forex 2]

No EURUSD impact

ECB data shows a 4.5% y/y change in negotiated wages in 4Q23 vs 4.7% y/y in the 3Q23

[Belgrade Bobby]

EURUSD

Downtrend line from 28.12.2023. broken !

Support zone 1.07700/800

Resistance 1.08058

 

[GVI Forex 2]

So attention is on the European Central Bank is set to release its measure of negotiated wage rates.

It is not on any economic calendar but is attracting attention.

[GVI Forex 2]

A look at the day ahead in European and global markets from Tom Westbrook

Europe’s central bank has singled out wages as the single biggest risk to its crusade to contain inflation. Fourth-quarter negotiated wages data likely headlines the trading day.

Morning Bid: Wages will test wagers on rates

[SF Monedge]

Our friends with Gtwo3.com are of the opinion that Euro Futures are on a buy-only status around current levels; the Euro should not be shorted at this time  …

[Mtl JP]

10-yr 4.281 / DLRx 104.24 / euro 1.0762
–
yield niaahhh, dlr uP a bit ; euro off it 1.0790ish earlier lid

cnbc – “Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship”

catastrophic for who … us’ alleged most this and that military might ?
crude’s up a bit