EURUSD breaking out of the weekly range — watching $EURUSD into NFP
Price just reclaimed the 1.0900 level on $EURUSD. If we hold above into Friday I think we see a push to 1.0980.
Key risks:
- NFP surprise
- ECB commentary
What are you all watching?
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Price just reclaimed the 1.0900 level on $EURUSD. If we hold above into Friday I think we see a push to 1.0980.
Key risks:
What are you all watching?
Seeing some serious resistance around 1.0900. With Powell's hawkish stance expected tomorrow, I think we could see a decent pullback. Looking for a break below 1.0850 confirmation. CPI data was hotter than expected, giving the Fed more room to be aggressive.
Saw $EURUSD hit 1.0700 again today. Seems like a key psychological level it's struggling to break definitively. We've seen rejection there a few times this month. Is this a potential short setup or just accumulation before a push higher? Looking for broader thoughts.
Seeing $EURUSD pushing towards 1.09, but I think the market is overpricing the ECB's hawkishness relative to the Fed. Eurozone economic data continues to disappoint, and the energy crisis isn't fully resolved. The rate differential is still in the dollar's favor long-term. Looking for a retrace.
$EURUSD is showing clear rejection after a false breakout above 1.0900. I'm looking for a retest of the previous range low.