EURUSD 4H

MacroBeat

Member
64 11
EURUSD 4h- very disappointing start to a new Trading week... EURUSD stalled again where it should have... 1.2175-80 and started to turn down already ahead of the German IFO... with weaker German data and the EU vs US Data surprise index continuing to move in the favour of the USD, EURUSD did test the mid 4h BB at 1.2150 BUT has been unable again to break through the 1.2140 pivot, that has held on Friday too.... with weaker European Data and US data outperform, we should really have seen EURUSD break lower and reach at least the 1.2100-10 area... but really even think it should head to 1.2065.... seems the market still does NOT entertain the idea that the USD could go higher. I remain short EURUSD and EURJPY and would still look to sell any rally towards 1.2210 as I feel the current level is just wrong
THESE ARE MY OWN IDEAS AND IS NOT INVESTEMENT RESARCH

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MacroBeat

Member
64 11
Finally EURUSD starts to move.. breaking below the 1.2150 mid 4h BB and breaks the 1.2140 pivot.. next line is the 1.2112 4h support... not sure why it took since 9 am to get here, should be here since the IFO data really

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