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U.S. DOLLAR / EURO REFERENCE RATE

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U.S. DOLLAR / EURO REFERENCE RATE forum


Nordic_Wings
EURUSD Alright so quick charting.

Facts:
-we're in an uptrend on all but the lowest timeframes.
-we're pulling back after a massive push yesterday driven by news and mostly fear
-We hit a major weekly resistance
-we're sitting right now on a strong support which happens to be the daily pivot as well (no coincidence)
-we left a big gap on the daily with the push yesterday that will probably get filled if we want to keep pushing higher (there is no reason to believe we're going lower in an uptrend, we'll go short when the market turns bearish)
-The lowest part of the daily FVG coincide with the fib golden zone
-We might be just retesting the breakout level at 1.09545 but the market has been pretty efficient lately that leads me to believe we'll fill the gap completely first.
-And finally we have a potential confluence with the RSI bullish trendline on the 1h that will most likely be hit at the same time as the golden zone/daily FVG fill.

Today we also have NFP later on which might not move the market all that much compared to what has been happening for the last 2 days but enough to complete the move to the downside before moving back higher

Important thing to note: the volatility has been crazy for 48h, so what used to be a 20pip trade now is a 40 or 50+pip, risk accordingly if you're scalping etc; I know I cut my risk in half for the time being until things settles back down as we haven't heard the end of it with more retaliation coming etc.

For now I'm looking to buy at the mentioned level with the golden zone being my favorite entry with the most confluence (good support zone, golden fib, Daily FVG close, potential RSI trendline lvl)

Be safe out there, don't forget to trade with a SL, especially in those conditions!

Have a great day traders!
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ClashChartsTeam
EURUSD #EUR #FOREX #EDGE
The Cme options market trading correction, which is pretty obvious. It's all about the technique, with no real insights.

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Moon-ForexAcademy
EURUSD EURUSD temporarily broke the H1 trendline, corrected to the support zone of 1.09700 and reacted bullishly. Still in an uptrend.
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mrmaximustrader82w9f
EURUSD not small chance that we can see today 1.9 or 1.85 on M30 trendline was breakdown,good luck everybody
LadyBandz
EURUSD looking for buys around 1.094 now she wanna trip!
caulirick
EURUSD Bears are not done yet.

That H4 FVG needs to be penetrated more to its encroachment level. That's where the 50% fib of the upmove is as well
R-L-A
EURUSD keep calm down people, it was just a correction and if we look at 4hr chart then we will see that it was just an ABC corrective pattern.