I would like to start some Eur/USD market content prediction, it is different from setup, but if the content is correct, every setup works. content is about market emotion, public expectations, and market character, the short term is about one to the two-week timeframe. in short term the rally on the Eur/USD is out of steam, on Friday, the market try very hard to try to set up a short scream but failed, disappointment will kick in and the market will pull back as a result. so there should have a lot of range trade, the value should keep below the highest point of this rally if the market does test the highest point should be quickly reversed back to the range. market content will keep changing based on real market condition, let's see what happen next week.
I think there are still too many bulls who are willing to buy. I expect to see this pair go higher over the next week or two.
well If you talking about the long term sir, I feel like it is very close to its high for a long time, dollar rally just start, of course, I might be wrong
Bull still has a chance to push the rally over the top, and become the second possibility, let's see how they do it tomorrow
Perfect, very close to what I predicted, but much faster, I thought the market can hold till Friday Now I would wait one or two days or weeks to let the market tell me what to do, try hard to fight back, or drop like a rock? My guess is to form a wide trading range
My support level for EURUSD was at 1.0587. With the rate having moved below that benchmark, my take on the pair has to be revised, at least for the time being, recommending that I watch for a justifiable entry level for shorting the pair.
Yes Sir I always look at the context 1. there is a lot of overhead supply, under current conditions, and the confidence of the bull, this morning's quick sell-off is everything but panic, just some profit-taking and forced sell off, that caused a lot of overhead supply 2. today bulls don't have enough power to push through, maybe will try tomorrow, currently, I am looking for a week rally, enough to convince disciplined bull to exit, and try to find a better entry later, but it is not there yet but I think 1.05970 is a safe area to short because it is a real supply area.
The market will try hard to rally since there is a lot of overhead supply, there are a lot of up and down along its way to a breakout setup, which very likely changes to a weak rally
This one is for sp500, I feel like you got to keep both bull and bear happy, otherwise, it is hard to play this game