EURUSD outlook

😂😂😂

Nothing is wrong with my sl...

True price is really unpredictable

What is your EUR/USD outlook for today is it bullish or bearish and why? I thought that is what this thread is for

A preserved capital is always better than the one you are looking for to fund, just remember

The bias for today is bearish

I mentioned that in the thread. Price has turned bearish because of the money transfer that was printed yesterday

Today's rally isn't enough to convince me.

Price is simply retracing after bearish displacement.

I'm more interested in where sellers step back into the market.

Price is reacting in a bearish direction, maybe it's already pricing towards the fomc minutes for today

This momentum is wild...

Expecting more sells to the downside

I actually don't know know why that much volatility came in but I'm glad I spotted it and got it.

It's looking more like a bullish flag, but I don't trade patterns though

I won't do anything for now just staying flat at the moment, untill the trend is clear

It could be the fomc minutes because almost all pair USD related paris are falling

I think I may just take out the profits for now...

Or let the break even do it's Job.

But FOMC is till evening time. Why should market be reacting now

Take profit or BE on the eurusd because price is showing some reversal

I said something yesterday, technical moves first before fundamentals confirms it, that's why sometimes you are caught up as liquidity, due to fear or confidence investors can choose any side and maybe pullout first due to dxy fundamental moderate strength then if the fomc statements come dovish they buy the EU again and dump dxy, so you must not involve in the pre-move but wait for the main directional move

Damn!

Does that mean the news is the main move?

A break above 1.1470 level, is what will confirm EU is fully bullish for me.

Yes the news is the main move ,not the first move that happened

Okay

That's clearer now

EURUSD has officially broken out of its bullish flag on the 1H timeframe. As long as price continues respecting higher lows, the bullish orderflow remains valid. My focus today is on continuation into premium liquidity.

The breakout wasn't random.

Price spent several sessions compressing inside a bullish flag before expanding to the upside. This is often how institutions build positions before the next leg higher.