EURUSD

EURAUD has taken out external liquidity yet, so it's still bullish

For DXY today 101.599 support has turned resistance in the 15min timeframe, there was a rejection from that level, so price may likely go down to the 101.471 level before any further reactions

I Missed out a chart on this reply, here it is. EURAUD 4hr bullish channel.

Dxy finally got to 101.471 breaking that level as I earlier said but have a new plan, a break above 101.599 as my local resistance I see more buys at 101.548 rejection level

I'm expecting the buys on EU too, before the sell continuations

Yeah. And It delivered.

Okay. I'm expecting a pullback to 1.6387 support for a bounce to the high at 1.6517 resistance.

Okay. I'm expecting a pullback to 1.6387 support for a bounce to the high at 1.6517 resistance.

Yeah that's right

This is very clean. I love the way price respected your level

This is the same bias I have for EURUSD

Thank you.

A break below 74 is important for the sell side. It is the London session high for Wednesday & Thursday.

It is also the London fix for yesterday.

I've a sell at 80, with sl just above the high. I'm fading the Asian move, assuming a fake above 74.

I want to be a seller, but holding support above 74 for now.

I've moved my SL to 816.

Still stuck above the session high.

What pairs are you looking at today

EU has been a disappointment this week putting in no major reversal as per my expectation.

Looking at this piddly up move i feel EU still has another down week remaining before we see any reliable rally.

Yes, still expecting the big rally back to the 600 level

On most days, Frankfurt sets the high or lows of the day or atleast till you get the start of NY session. In hindsight, you will see that you would have caught the high or low of the day during Frankfurt.

I was expecting it to set the high today, to go till 1320s, but it set the low instead. In my opinion, it opens up another week where we could go lower.

I don't think the current low on 24th June during NY session (on the NY stock market open) is the low where we put in a reversal to start a major upside move. It starts during Frankfurt.

Just go a look back at any major move start, it's high or low is during Frankkfurt or London in most cases. For example, this last leg down started on the US inflation data news on 12th May. Asian started that move, but Frankfurt is the high.

In my opinion, late NY does not set major highs or lows. So, I would be really surprised if this is the low.