EURUSD : Same old, Same old

The chart above explains.

Good luck.

P/S : Do not just believe what I say. Use your common sense.

Comentário:

To trade well, we need to be very familiar with the chart and know exactly what to look at.
If the yellow line @ 1.0575 is still important and if the price still does NOT go ABOVE the previous high @ 1.0688, can you see who is holding the 'advantage' at the moment, BUYER or SELLER? Can you see a 'potential' D @ 1.0575?

Which is why we need to know the key levels at play. If not, you won't even notice it.

Comentário:

Over at the DXY, price finds it tough to move above the 'A'.

And here in EURUSD, the previous POC @ 1.0612 seems to be supporting price and prevents it from moving down further.

But you know what - the answer seems to be US02Y which is riding HIGH now. If we want EURUSD to fall further, US02Y needs to FALL HARD!!!

Good luck.

Comentário:

Getting to 1.0525 soon.
That will be a good time to BUY :)

Good luck.

Comentário:

It would soon be 1 October, when a possible government shutdown occurs. How will the Dollar react to this?