charlieb410

charlieb410

The pair seems to be seeking direction at this point with price breaking out of yesterday's chop zone only to fall once again intraday and Monday's high has still not been re-tested. Lots of uncertainty right now especially with today's FOMC meeting and still no decision about stimulus. As I said at the beginning of this week, the calendar is packed this week with...

charlieb410

Looking at what happened overnight on the hourly chart I can see that price was not able to re-test yesterday's high and a lower low was set. Selling pressure seems to be coming in now but price has been in a range during the first half of the London session. Better than expected employment numbers came out for the eur again, which looked to be a non-factor....

charlieb410

Looking at what happened overnight, it seems that the pair is picking up where it left off last week. Everything is up against the US dollar with no end in sight for now. The calendar looks fairly busy this week but only durable goods for the US today ,so most likely not much of a concern. Still waiting for a decision about stimulus for the US which will move...

charlieb410

The pair continues to stay in a strong up trend currently with the euro up against the dollar 9 out of the last 10 days. I don't think its out of the question to see 1.1800 and possibly even 1.2000 at this point. Things continue to look positive for the euro, with the recent stimulus package being passed and today's data for euro all beat expectations to the...

charlieb410 Updated 

Lots of indecision right now with the pair re-testing around the 1.1600 handle overnight and now caught in a tight range. Looking to buy or sell on intraday breakout at highlighted levels. Will likely get some knee-jerk reaction from U.S. unemployment numbers coming out at 8:30.

charlieb410

Currently testing 1.1600 with eur remaining strong so far. US banks will be open soon so more volume and liquidity coming, so just waiting to see what the major players will do. Also no major data releases, only US housing data and crude oil inventories but these will most likely imho be non-factors as the markets seems to only care about coronavirus news and...

charlieb410 Updated 

Asian markets currently selling the pair but is this just a search for liquidity? Not sure at this point. But the news broke that the EU has reached a landmark budget deal so I would expect the eur to push higher now. I only trade london/ny so I'll be waiting to see volume and momentum during this time.

charlieb410

Currently backing off of previous resistance and stochastics indicating market may be overextended as Asian markets set to open. Japanese CPI numbers beat expectations so I'm being patient here as this could be a false move to the downside from temporary market reaction. Simply watching price action and volume for confirmed continued move to the downside if the...

charlieb410

Looking at the hourly chart, the pair has broken through and re-tested the June highs a few times now and seems to be finding strong resistance around 1.1440. Simply looking for a bounce or a break of this level confirmed by strong price action and volume. The calendar is light this week so I will be watching for any breaking news about the EU recovery package and...

charlieb410

Looking at the hourly chart eur/usd is showing hidden divergence which is a continuation signal and since a lower high was set yesterday I'm looking for a possible lower high today or yesterdays high to be re-tested and price then coming down. So overall, as for the technical side what I see right now are bearish signs. Looking for data to help my trade idea...

charlieb410

So far today the pair has not been able to break above yesterday's high but was able to push higher on an intraday basis due in part to the markets reaction to today's major data releases. Last months high was broken and re-tested again earlier today. My bias is going from bullish to neutral at this point. The uptrend is now reaching monthly highs and very close...

charlieb410 Updated 

I spotted what looks to be hidden bullish divergence on the h1 earlier at the NY close, its still pretty early in the Tokyo session at the time of writing so anything could happen overnight but tommorow is a big day for this pair with high impact data coming out for the Euro Zone and United States. I'm still bullish on the euro and the consensus is that the ECB...

charlieb410

The up trend continues so far with a break and re-test of June's high but this market could be a bit over-extended at this point as bearish divergence is starting to show on the 1H. As usual, I'm looking for price moves and/or breaks of key structure levels confirmed by volume for technical clues. The only data release today for eur/usd that could be important is...

charlieb410 Updated 

EUR/USD currently making a push above yesterdays highs. CPI due out at 8:30. If the numbers disappoint the pair could catch a bid.

charlieb410 Updated 

EUR\USD has been moving in an almost technically perfect uptrend for multiple days now setting higher highs and higher lows along the way. I realized a nice gain this past week buying around the recent low with the catalyst being worse than expected PPI numbers for the US. Looking for potential catalyst for the upcoming week to see if the upside momentum will...

charlieb410

Coronavirus cases continue to rise in the US and this past week saw sellers come on stronger in the Dow 30. However, late in the week news broke surrounding Gilead Sciences vaccine testing which the market interpreted as good thereby improving risk sentiment to close out the week causing a good rally into the close. Without a doubt, any news releases related to...

charlieb410

EUR/NZD is showing strong signs of bearish continuation with a recent break and re-test of support. The euro has been fundamentally weak as well adding to the bearish case. If price breaks below ~1.7650 with authority, we could see a drop to 1.7150 handle then 1.6850 in the coming weeks.

charlieb410

Currently short USD/JPY. With the recent break and re-test of key support at 107, the next major level looks to be at the 105 handle.