Comments
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DRThis pair has been in no mans land and I step aside flat. I'm agnostic. Need to see a sustained EURUSD breakout above 1.16 again to be bullish or another breakdown below 1.13 to be bearish. In other words, breakout trader strategy. Meanwhile there are better trades elsewhere.
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DREURUSD on the cusp of a major breakout. Level getting close. Dollar is looking weak. A euro breakout targets 1.182 soon and quite possibly 1.21 - 1.22 later. Some others like GBP looking stronger against the troubled greenback.
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DLTake profits at 1.11 or 1.12 like it hit in May? WTF? Last time EUR/USD hit that level was on its way to 1.2 back in 2017.......
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DRThumbs-up for the video although I lean to the other side of this trade. But that's what makes a market.
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DRCompletely backwards IMHO. Interesting timing for this video because today I went **long** EURUSD from 1.1466 (the 618 fibonacci retracement pt) targeting 1.181 initially with possibly 1.20-1.21 before EURUSD reverses down. My stop loss is slightly below the 786 fib @ 1.1394, which would have been another long eur/usd entry pt had that printed (it hasn't, yet). A move over 1.159 will be very bullish near-term, when I'd move my SL up. The dollar remains bearish barring a close below the 1.1285 low in August (unlikely). As for the fundamentals stuff, which is really rather moot and NOT for real trading IMHO, the Italy deficit spending is actually BULLISH for euro, not bearish. Italy is copying the fiscal stimulus that the US passed late 2017, which has jacked-up the US since Q2 2018 (but will wear off next year). Other EU nations are sure to follow too with their own fiscal stimulus - France already (EU rules don't matter and aren't enforceable by Brussels, duh). In sum, the US has shot its fiscal ammo, had its day in the sun this year which will fade, and EU will follow with its fiscal shot up then down too. Finally, note that Italy's fiscal stimulus at 2.4% of GDP is only about HALF the rate of the huge heroin shot to the doped-up US economy. So the massive twin deficits of the US will matter eventually, and then crash goes the dollar (later, not this trade obviously). Good luck and remember there's no guarantees in life or trading so watch your technical levels.
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SRA lot of 'leg' on show tonight, just sayin! :-)
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ZYthis Euro show come out really timing good, hehe.