[GVI Forex 2]

EURUSD 4 HOUR CHART – NO SURPRISE

It should come as no surprise to see EURUSD gravitate back to 1.0550, which is the bias setting level while within 1.05-1.06

Note firmer EUR crosses (e.g. EURJPY, EURGBP) giving EURUSD support but not enough to break the key 1.0593 level.

So let’s call it consolidation of the downtrend where only a break of 1.0590-00 would shift the risk from 1.0495-10.

[michael Calif]

Nov 14 repost:    Option Profile has confirmed that Longs now control Euro, Yen, and 10yr (lower yields) futures.    :gtwo3

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.05650 , 1.05950 & 1.06200

Supports : 1.05150 , 1.04950 & 1.04650

This is a Bearish Close / Open tonight, but do expect Upticks to at least 1.05650

[michael Calif]

Option Profile has confirmed a tradeable Euro Low off the Sep 24 High    :gtwo3

[Mtl JP]

just for the fun of it
EURUSD: 105.50 AS I TYPE
10yr 4.406%

suggest: check your charts for sentiment and range signals
fwiw

[GVI Forex 2]

EURUSD 30 MINUTE CGART – NEXT LEVEL TESTED AND HOLDING

 

Just so you know this level was posted well in advance early this morning

For day traders, it is a Power of 50 day with 1.0550 likely to set the tone.

Otherwise, a move above 1.0577 would be needed to slow the threat to key targets at 1.0500-15 and the major one at 1.0446.

[GVI Forex 2]

EURUSD leading retracement… 1.0577 (tested), 1.0794 next levels… to suggest a bigger squeeze 1.06+ would need to trade… 1.0577 so far capping upside

I did give the clue about 1.05 defense

Addendum: Mixed FX… USDJPY off its highs but still bid, USDCAD bid above 1.40

[GVI Forex 2]

EURUSD 30 MINUTE AMAZING TRADER CHART

Chart speaks for itself with levels posted in prior update…BUT INTRA-DAY 1.0550 IS BACK TO THE BIAS SETTING LEVEL

[GVI Forex 2]

It looks like some profit-taking kicking in… still just retracements but moving farther from USD highs means farther from any USD buy stops…. not just FX as stocks opening lower as well.

On the other side, EURUSD 1.0568-77-94…. so far 1.0668 has capped the upside

[GVI Forex 2]

EURUSD holding 1.05 may have been the sign to take a breather… now see how it trades vs 1.0550

Otherwise, we wait fir Powell later on for the next key event.

[Belgrade Bobby]

EURUSD Daily

And now let’s look at it at the Daily Chart…

Supports : 1.04850 , 1.04500 & 1.04350

Resistances : 1.05700 , 1.06150 & 1.06500

As long as it stays below 1.06750 it will go for lows.

Time wise – we should be seeing some Upticks at least, if not today – tomorrow.

[Belgrade Bobby]

EURUSD Monthly

To be able to understand what is going on with this pair, I am first going to show you Monthly chart.

Obviously it is in a long lasting Downtrend.

That Support channel line below is hypothetical – based on historical behaviour and angle that has to hold  for it to be able to go Up again.

It can hold, it can give a way – I don’t know – depends on million factors in the near future – but it will give you an idea what is really going on.

 

[Mtl JP]

GVI … good alert on EURUSD options defense risk

[GVI Forex 2]

NEWSQUAWK US OPEN

European equities higher, ASML +5.6% after confirming 2030 outlook, DXY topped 107 ahead of Powell

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses gain with clear outperformance in the Euro Stoxx 50, lifted by gains in ASML +5.2% after it reiterated its 2030 sales outlook; US futures are modestly firmer whilst the RTY outperforms.

Dollar continues to extend gains having surpassed 107.00, USD/JPY tops 156.00.

Bonds are subdued with slight underperformance in Gilts ahead of Fed Chair Powell and BoE Governor Bailey.

Metals succumb to the Dollar strength while crude trades choppily in a tight range.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

EURUSD 1.05 DEFENSE? LOW SO FAR 1.0502 (SCROLL BELOW)

[GVI Forex 2]

Power of 50

Notice how EURUSD battled 1.0550 after a bounce from an initial 1.0535 low and how momentum built to the downside once it started to distance below 1.0550,

[GVI Forex 2]

EURUSD WEEKLY CHART  – WILL 1.05 BE DEFENDED

You can see by this chart why I posted earlier key levels at 1.0516 and 1.0446 .

See whether 1.05 is one of those options levels being defended, which is why I called 1.0500-50 a sticky zone.

[GVI Forex 2]

EURUSD 1 HOUR CHART – POWER OF 50

Question is whether EURUSD needs another failed retracement to make a run at 1.05 or will 1,0500-50 prove to be a sticky zone.

For day traders, it is a Power of 50 day with 1.0550 likely to set the tone.

Otherwise, a move above 1.0577 would be needed to slow the threat to key targets at 1.0500-15 and the major one at 1.0446.

[GVI Forex 2]

EURUSD WEEKLY CHART – 1.05 in the headlight

Targets are clear at 1.0516 (suggests 1,05 as well) and 1.0447 if 1.06 now becomes resistance

With that said, watch 1.0550 as that could prove pivotal if this latest leg down is to make a run at 1.05

[GVI Forex 2]

EURGBP 1 HOUR CHART – Chart speaks for itself

You have seen me focus on this cross as a clue to trading EURUSD and/or GBPUSD o I will let the chart speak for itself to explain the weak EURUSD and lagging GB=PUSD.

As I haver offered before, feel free to contact me (link in the top menu bar) if you want me to elaborate.