EURUSD Analysis: Sideways Move Continues, Key Levels to Watch
The EURUSD pair failed to break below the 1.0789 support level and has been moving sideways within a trading range between 1.0789 and 1.0887. This suggests that the pair is still in the uptrend from 1.0694, and the sideways move is likely a consolidation phase for the uptrend.
As long as the 1.0789 support level holds, the upside move could be expected to resume. A breakthrough of the 1.0887 resistance level could trigger further upside movement towards the 1.0950 area.
On the downside, a breakdown below 1.0789 would confirm that the upside move from 1.0694 has already completed at 1.0887. In this case, the next target would be at 1.0750, followed by 1.0694.
eye on the president
“no new concerns” (just the old ones eh doc?)
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Biden’s doctor says there are no new concerns with the president’s health and he remains fit to serve
…”“The President feels well and this year’s physical identified no new concerns. He continues to be fit for duty and fully executes all of his responsibilities without any exemptions or accommodations,” O’Connor wrote” …
My hunch is joe will be POOF by may, at latest by june.
just a hunch
EURUSD 4h
Resistance at 1.08500 – if rejected at it, we are going in maybe not very deep correction, but still a correction phase for at least 24h.
But if 1.08500 gives a way, just to be stopped at either 1.08650 or 1.08900, we are going slowly to turn Down.
Support at 1.08300 and 1.07850 – bellow which we target 1.07000 and the whole previous Up move becomes questionable.
Close tonight above 1.08300 calls for retest of previous high, but not more than that…and that is my experience, instincts and pattern recognition talking.
10-yr 4.286
sofar markets ignore:
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a Another government shutdown deadline hits this week. Here’s what to know. according to wapo
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