EURUSD Weekly Volatility Analysis 19-23 Dec 2022 We can see that currently the implied volatility for this week is around 1.4%, DOWN from 1.53% from last week With this in mind, currently from ATR point of view we are located in the 1st percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish:...
Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4. If this area is defended the market may retrace back as potential wave A in a...
FOREXCOM:EURUSD Treasury-Bund spreads are narrowing again. With Eurusd lagging yield spreads the pair is weeks or maybe days away from a rally. In the short term however, REBA-SOMA days and EU data likely to hold the pair down and push past support and new yearly lows.
EURUSD weekly chart Can the support hold (blue dotted line ~1.2045 area) and price resolves higher, breaking out of the channel... or The support breaks and we head much lower?
EUR/USD (EUR Futures CME) - E6Z2017 (Contract December 2017) Sell Limit 1 - 1.17950 Sell Limit 2 - 1.18950 Take Profit - 1.14950 Stop Loss - 1.21750
EUR/USD Futures (E6 EURO) - E6Z2017 Signal: Buy Limit 1 - 1.16500 Buy Limit 2 - 1.16050 Take Profit - 1.18300 Stop Loss - 1.15500
EUR/USD Futures - E6Z2017 Signal: Sell Limit 1 - 1.19200 Sell Limit 2 - 1.20000 Take Profit - 1.16200 Stop Loss - 1.21700
A quick trade entry on the Euro resulted in a quick loss. The Euro broke above our entry last week and quickly reversed for a stop out. On reversal trades we always trade with tight stops so this was a small paper cut. At this point we will wait for the knife to stick in the ground before considering any long position. WE WILL NOT CHASE THE SHORT AT THIS LEVEL.
We are still watching the Euro. It's back in the middle of the range in no mans land. We will continue to keep an eye on this. We have a weekly signal getting ready to fire and with all the junk happening in the Europe this currency will move and we will try to be on it. Keep on your watch list.
We are watching the Euro closely. Draghi said he wasn't ready to inject stimulus and needed more time to evaluate. Really? This is good news for traders. The Euro should consolidate tighter for a chance to POP in the near future. We will continue to monitor the possibility. Keep it on your watch list.
After clearing the HVN High Volume Node of $95 representing supply from 1997 - 1999, the $DXY $DX_F is on track to get to the next HVN of $99 and then the nice round number of $100 where I suspect it will pull back. I am bullish to $100 then bearish. Watch commodities.
Showing accumulation as traders anticipate the ECB to provide support and buy sov bonds. If Euro breaks down more, it will be very ugly as the longs since mid Oct liquidate. Long to 1.262