EURUSD. If you trade forex, better think like blondies - 50/50.

What to say... Market participants caught long and most of them think that there is a big chance to break higher.
But, this is chance is as usually - 50/50... :)))
Rejection on the upside and better watch 1.0778 very closely, cus under this level is abyss already.
Cheers!

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Commento:

Fed and ECB, both from macro view are non event story?
Fed cud be just an ordinary meeting to show markets that they control situation without sharp steps already. The main problem is not the 1 qt of 2020, the main problem is 2nd qt of 2020, but this figs we will see not even tom.
Equity market - don't forget about Sell in May and go away.
ECB - new coronabonds? seems no, cus south and north are on different planets already and this is toxic moods for union.
From political perspective EU negative story again.
We can see attempts to go higher but imho it is sell story atm.
In any case pls apply your own MM and Trading system.
Cheers!

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Some of you may be trying to see falling wedge?

Commento:

If so then 1.0864 also a point to rumble for both parties, rejection here and the last leg we can find slightly above 1.07 lvl on the last. So as you can see there is a lot of scenarios even under foot of a blond.
Cheers!

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I will try some short again today... Cheers!

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For sure this is ideal target for the upcoming hours... U can apply your own rules and tech analytics. Cheers!

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Volatility again on the low side and it is killed artificially imho

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Commento:

Still bulls show weak momentum. Expect it to fall to support again. Cheers!

Trade attivo:

Most of the traders are long eur ag usd and speculative position is also on the long side. Everyone wants higher... :)))
Watching 99.31 lvl in dxy as main support and expect reversal there.
Cheers!