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Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Attempting continuation of yesterdays breakout out of the ascending channel that started in early Jan.

 

080217USD (DFB).png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

French prez race, Filon to make a statement at 12:00, rumours he may be dropping out?

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Spokesman for Fillon confirms he is still running in French prez race.

 

fil.PNG

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Very interesting article on the persistent 3 year ranging of eurusd and why, after the round of Euro elections, it may bounce.

 

http://commentary.3canalysis.com/fx/why-its-not-easy-to-move-eurusd-outside-its-2-year-range/ 

 

 

eur.PNG

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Looking to break down at early week start trading after failed retest of last month high on Friday.

Support at 11320.

4hr chart.

 

 

EURUSD(£)H4.png

 

 

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Big day for eurodollar, balanced on the monthly range top and waiting for directions up or down from the Draghi presser at 1:30 pm.

Weekly chart.

 

EURUSD(£)Weekly.png2007.png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

August bull flag consolidation, beware over weekend positions with Jackson Hole symp, Draghi and Yellen speeches and UK August bank holiday Monday.

EURUSD looking for a direction push and may find it as news from the symposium is digested.

 

List of key CB phrases to listen out for by Bloomberg.

EURUSD daily chart.

 

https://www.bloomberg.com/news/articles/2017-08-25/jackson-hole-bingo-play-along-to-avoid-jargon-ind...

 

 

jhsymp.PNGEURUSD(£)Daily.png2408.png

*** Intraday Price Action Scalping on FX Majors ***
Highlighted
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Is at an interesting level, after completing the head and shoulders pattern on daily chart now retesting the neckline. FOMC minutes from last meeting released today at 7 pm may determine which direction next for eurusd.

Daily and 1 hour chart.

 

EURUSD(£)Daily.png1110.pngEURUSD(£)H1.png1110.png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Interesting pin bar shaping up on the daily chart at repeated resistance/supply level 1.1860 which would suggest a down turn to find new support/demand, most recently found at 1.1600.

 

EURUSD(£)Daily.png1511.png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
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Re: eurusd

Re-visiting resistance at 1.1860, set to break-out or reverse, not much on the calendar next week to provide a push up so may well return to 1.1712.

 

Daily chart.

 

EURUSD(£)Daily2411.png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
Posts: 1,289
Registered: ‎10-03-2016

Re: eurusd

Having broken out on Friday price is now re-testing the breakout level. Snagged by RSI divergence. Will have to rely on bad US data this week if there is to be an attempt on 1.2090.

 

 

EURUSD(£)Daily2811.png

*** Intraday Price Action Scalping on FX Majors ***
Contributor of the Month
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Registered: ‎10-03-2016

Re: eurusd

Bank of America say US tax reforms not fully priced in, targets eurusd 1.10 and gbpusd 1.26 by end of Q1 2018.

 

http://news.forexlive.com/!/us-tax-reforms-not-fully-priced-in-where-to-target-baml-20171206

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