EUR/USD

Many expected it can go to parity but it is now up heading 1.0740 as short term daily resistance. Good opportunities for the bulls I guess.

People have been talking about parity for years now but it still hasn’t happened. Who knows, we might see it happen in the next year.

US news out later at 18.30 ,may be some trades worth placing leading up to it, close out before hand, at the moment it looks like it's rolling over.

It’s rangebound. Again. At this point it’s a surprise when it’s not.

Looking on a daily chart or H4, it seems more to me as a definite bullish trend rather than range consolidation. 1.0628 being a short-term support. We have another FOMC speech coming soon that may shake the market. I would wait to see what happens before placing new trades.

Not much happening at the moment, pretty flat, some bouncing around during the speech, some vague talk.

Looking for break out at 07000, I have a long position from 06877.

I closed all my positions on Friday. If it breaks above 1.0700 I will open a new one next week.

Options exp play at 1.070, just be aware of it.

The pair has been quite bullish the whole day today moving down fast towards 1.0625 as a strong support level. Quick sell trades could be a good option.

Irregardless of EU moving up or down, I will still profit. This is why I love EU pair the most. 😁

Well, it didn't go that low and bounced back up today crossing the initial resistance at 1.0691. Upward movement may continue until 1.0730 entering a strong resistance zone.

mohdforex posted:
Irregardless of EU moving up or down, I will still profit. This is why I love EU pair the most. 😁

That's the great thing about the market

The short term bearish sentiment could be a sign for correction of the long term bullish trend. We may see a test of the psychological support at 1.0710 over the next 24 hours.

Euro is extending its decline on political risks as anti populist candidates in French and German elections are posing threats of EU disintegration. Euro is testing its major support level of 1.0620, followed by 1.0600. If this level is broken, we could see a sustainable decline in euro.

The EURUSD seems to be in a consolidation stage in the range between 1.0714 and 1.0639. Initial jobless claims announcement may shake the market a bit so I will stay tuned for this news.

I think this consolidation might be a sign of trend reversal. Will closely watch the news today as I have some short positions opened on the EUR/USD.

The jobless claims news didn't have that much of an impact on EUR/USD, although it pushed the price further down a bit.

The jobless numbers don't really have any effect worth trading, unless its unexpected numbers.