Pivot: 1.3750
Signal: Buy EURUSD at 1.3830 with targets @ 1.3870 & 1.390 in extension.
Stop Loss: 1 hour close below 1.3800
Conviction: The EURUSD tested the pivot 1.3750 yeaterday and bounced off quickly in an expected reaction at such a support level. Clear price action forming a Marubuzo candlestick on the 4 hours chart and the pair is at the bottom of a raising channel. Risk appetite is expected to rise in the coming week along with data
EUR/USD support levels are 1.3800 and 1.3775-1.3770. Resistance levels to watch today are 1.3865-70, 1.3885-90 and 1.3900
EURUSD has some volatile moves after morning macro news from Europe. I am waiting for short opportunities around 1,3885 resistence level.
Is that not too high ?
If we go there we may get some buyers at NY open time 
EURUSD - since yesterday afternoon I have bullish bias on EURUSD. I have opened long positions. I took profit on one of them already. Currently I am waiting if price test into important resistence level around 1,3885.
You never know what will happen after macro news.
EUR/USD still sits on range (1.3790-1.3855). Near zero expectation for any movement today. Very low likelihood of a meaningful move before month-end
EURUSD - Yesterday after US macro news (8:30 EDT) the price tested into strong support where there was previous reactive buying activity (see attached picture).
This support held again and we had a nice retracement of price confirming reactive buying activity again.
I still expect more upside move. I hold my long positions and plan to add more.
Hello scalptastic, very nice call on today´s price movement.
This low volatility environment for past 2 weeks means we can expect rise in volatility soon.
EURUSD - Friday´s development has surprised me. I was expecting move towards 1,3885 resistence. The day ended in very narrow (unusual) range. I have closed part of my long position when I saw no upside momentum.
The expected move higher came this morning. I still wait for the test of important resistence. I plan to close part of my long position there. and then I will observe if reactive sellers step into the market there.
The ECB’s unchanged rate decision at the start of this month condemned the market to a long wait for the flash April inflation report - due Weds. Until then there is little reason to trade EUR/USD. Resistance levels to watch are 1.3890-1.3900. 1.3800 is solid support level.
EURUSD - reactive sellers have stepped into the market little bit earlier than the expected resistence (1,3885) which I keep mentioning for few days.
I have closed part of my postion from Friday after reactive sellers entry.
Later in the afternoon a signal to the short side has developed. I did not want to trade it, but I also did not want to hold my long position against this signal so I have closed second part of my position.
Then I was waiting in strong support around 1,3850-1,3840 to enter into a long trade again. I got my entry and closed part of the position today morning at yesterday´s VAH.
After the selloff on macro news from eurozone I have closed second part of yesterday´s long position as well.
I will be very selective in opening new trades since I don not expect any significant move before tomorrow´s FED.
EURUSD - after release of CPI index from Germany yesterday afternoon, there was strong selling initiative in EURUSD. Most of day´s volume was traded in the lower part of the profile which means that lower prices were accepted.
Typically this situation points to further price move to downside. But I am not going to trade at all today since we have many major macro news releases throughout the whole day. Any of the news can change the situation.
I will only observe market reaction to individual macro news and I will decide on potential new trades tomorrow or Friday.
EURUSD - Selling initiative from Tuesday was completely eliminated after release of CPI from Eurozone. After this macro news release, price tested below 2 week trading range and showed strong reaction of buyers which was followed by buying initiative.
My view at EURUSD is bullish and I wait for signals to enter into long trade(s).
EURUSD - The lower singles area from my last post provided support after initial Friday selloff, after 8:30 macro news. I was waiting for my entry signal to long trade but did not get it.
However the growth later in the afternoon has surprised me. I was expecting double distribution profile to form.
Technically all is still in favor for further growth. I still wait for pullbacks and entry signals into long trades, but I will only take signals from lower time frames (1h -4h) to keep my risk low since there will be ECB press conference on Thursday and it could bring surprising move to downside.
Hi CFA Trader,
what is is table? I do not know this analysis and I do also not get how to use it or what can you measure with it?
The other question is: how do you see the long term possibility for the pair? It is already trading on a very high price, you are still very bullish on the pair. However at some point there must be a large selloff since the pairs normally turn to back to their historical middle point as far as I know. So I guess it has to go to the downside sometime finally.
Waiting for your answer,
ForExchange
EURUSD - we had untypical day on EURUSD yesterday - very narrow range and low volume traded.
Today, after morning macro news from Europe the expected move to the upside came. Since there was no pullback I could not enter into a long trade.
At the moment market sits on very important resistence (wVAH). If price moves through this resistence I expect test of yearly highs. I still wait for pullback to enter into long trade.
Hello,
It is called Market Profile. Try google and you will find what it is useful for.
I completely agree with you - EURUSD is trading at very high price. If you read carefully you find that even though I am bullish (because of Market Profile and also Price Action analysis) at the moment I am well aware of the fact that big selloff might come so I want to take entry signals from smaller time frames so I risk small in my trades.
EURUSD - Key resistence around 1,3920 was not able to hold further upward price movement yesterday. Value was established above this resistence = higher prices were accpeted. This is still in line with my bullish bias. There is high probability that price will test yearly high (1,3966).
I want to take long trades on pullback into yesterday´s buying initiative. However I want to see buyer´s reaction there first, so I will wait for entry signal.
