EURUSD
Intraday – if the pair stays bellow 1.07300 next 20 min , we will see the test of 1.07200, and if taken out , the continuation of the down slide. Chart
On contrary, close of this 30 min bar above it will give us a chance to target 1.07500 area.
A look at the day ahead in European and global markets from Rae Wee
The Reserve Bank of Australia (RBA) on Tuesday joined the Federal Reserve in a chorus of caution as it pushed back against bets for imminent rate cuts, and even kept a tightening bias at the conclusion of its policy meeting….
healing bleeding hearts: some bits to leave some bits to take
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* It’s not uncommon to turn to material possessions to fill the void created by isolation.
* Being part of a community can be more rewarding than the temporary satisfaction that comes from spending.
* Even small acts of kindness can make us braver and bolder in connecting with people.
EURUSD
So far we have concurred on the view of EURUSD today’s fate. It is great when participants supplement each other 😀
Unfortunately this scenario didn’t give us a chance to make some serious profits…but ok…there is always tomorrow …
I maintain that for 90% + trades bonds lead directionally.
the other 5 or less per cent of time is when the “non-political organization that serves all Americans” steps with “complicated, you know, risk-balancing decisions”
MTL, I am Pro USD ( but that means nothing, as I really hate EUR )
Now my View for today :
There are two options – pattern wise – one is for support at 1.07450 to hold for now and we go up till the end of the day – in that case I only can get involved on very small time frames ( don’t like buying in this conditions ) . As I said last night, Resistance is at 1.08200 and even 1.08400. From there I would expect next day to just fall down and go through the support.
Second possibility is for support to be broken in next hour or so…and again I would have to play on small time frames…entry, stop, profit and all….
I would of course prefer that they do behave as I expect, so I can get in tomorrow for a bigger move…but we’ll see how it develops
