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EURUSD DAILY CHART – MIND THE GAP
EURUSD opened the week with a gap down, which now comes in at 1.0788 or 1.0801 (Friday close) depending onw wheeher you measure it from the chart low or prior week/s closing level.
As I pointed out, 1.0788 was a game changer level that would expose a void until 1.0721.
To put it on the radar, 1.0750 would need to be firmly brokem (low so far 1.0747).
On the upside, market will likely be in a ssell mode while below 1.0788-1.0801.
Note, geopolitics triggered the gap… more to come on this
Take a look at a detailed preview of the EU Parliament election as markets wait for the results and expected gains by the right.
Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation
Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation You
EURUSD Daily Outlook for coming week & Important Data
In the coming week some very important data is awaiting usCheck it out on Economic Data Calendar.
Especially pay attention to Wednesday US Data :
Inflation Rate
Core Inflation
CPI
And most IMPORTANT one – FOMC Interest Rates Decision !
BTC 4 HOUR CHART _ 70K failure?
It feels like you would need a sledgehammer to change hopes that BTC will move above 73K to new record highs.
Taking hope out of the equation, 70K remains the pivotal level as BTC has once again stalled below 73K.
As I have noted I am not a fan of using precise levels in this or any crypto, so just keep an eye on 70k as it will determine whether the failure to test the highs turns into a more serious retracement.
AIUDUSD DAILY CHART – GAME CHANGER LEVEL
After setting a high at .6713, AUDUSD spent the next 3 weeks trying to retest it before falling off a cliff following the US jobs report on Friday.
I like to look at levels I call game changers, levels that if broken would shift the focus the other way.
The game changer level in AUDUSD is .6557 (use .6550 as well), so keep an eye on it should Friday’s moves be extebded.
EURUSD 4 HOUR CHART – Amazing Trader Logic
This is how I read a chart following Amazing Trader logic
EURUSD break of 1.0827 and close below it confirms end of the upytrnf
1.0788 is a gamne changer level as a firm break would open a void until 1.0721 and shift the focus from 1.08
Otherwise, 1.08 will set its tone but only above 1.0827 would neutralize the current risk.
This is a big week ahead with a focus on US CPI and the FOMC meeting. See detailed previews on…
Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation
Newsquawk Week Ahead 10-14th June: Highlights include US CPI, FOMC, BoJ and China inflation
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