The Euro has been making significant moves, driven by uncertainties in the US tariffs positions, the strength in Euro bonds, and the EU's commitment to increased defense spending. The Pound is also benefiting from these developments.
Currently, the price is moving steadily on the DXY. With ECB President Christine Lagarde speaking, it's advisable to focus on trading the Euro. We anticipate a pullback to the 15-minute Fair Value Gap (FVG) at 1.08046 before targeting the buy-side at 1.08530 during the New York session.
Additionally, the price is in a daily Supply and Demand Imbalance (SIBI) zone, and we will be looking to see if the price will break that high. The overall trend has been bullish. Note that Non-Farm Payrolls (NFP) data is scheduled for release tomorrow, which could bring further volatility to the market.
The New York AM session took out buy-side liquidity, which we would have preferred it not to, but since it did, we will now target the New York AM high. Buying below 4Hr open.
Currently, the price is moving steadily on the DXY. With ECB President Christine Lagarde speaking, it's advisable to focus on trading the Euro. We anticipate a pullback to the 15-minute Fair Value Gap (FVG) at 1.08046 before targeting the buy-side at 1.08530 during the New York session.
Additionally, the price is in a daily Supply and Demand Imbalance (SIBI) zone, and we will be looking to see if the price will break that high. The overall trend has been bullish. Note that Non-Farm Payrolls (NFP) data is scheduled for release tomorrow, which could bring further volatility to the market.
The New York AM session took out buy-side liquidity, which we would have preferred it not to, but since it did, we will now target the New York AM high. Buying below 4Hr open.
Note
NB there is a Breaker Block @1.08090 which also coincides with the 1hr fvg if price does not reach 1.08050. could short now@1.08330 to target NYam lows @1.08110
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.