The pair remains pretty bearish, I think will see it drop to 1.0600 soon.

Still not sure we have seen the end of the DXY uptrend yet.

Do you think we will soon see a breakout below 1.0540?

Massive Institutional Bull Candle

I would like to recall my old forecast for the euro.

viewtopic.php?p=1295458573#p1295458573

The price slightly exceeded the target.
Now the euro is up to the specified targets

Intrest 1 wrote: Thu May 05, 2022 5:49 am I would like to recall my old forecast for the euro.

viewtopic.php?p=1295458573#p1295458573

The price slightly exceeded the target.
Now the euro is up to the specified targets

Cool charts!
Are the lines in picture3 manual drawn?

zookeeper wrote: Thu May 05, 2022 5:56 am Cool charts!
Are the lines in picture3 manual drawn?

These are indicators.
Yellow lines are weekly retest zones, trendlines are also an indicator, channels are an indicator according to the Vadimch method

zookeeper wrote: Thu May 05, 2022 5:56 am Cool charts!
Are the lines in picture3 manual drawn?

.

Fibo is fun.
If we draw a Fibo from Friday, June 24th, 2022,
then for today, June 28th, 2022, in the Asian session,
the prices just hang around between Fibo 100% and Fibo 123.6%.

Friday's highest becomes the support.

Here's the story of EURUSD for Monday, June 27th, 2022.

Friday's highest was around 1.05706. We called it Fibo 100%.
In the Asian session, the banks/traders tried to break Friday's highest but were unsuccessful.

When London opened, traders were able to break through up to Fibo 123.6%.
Fibo 123.6% became a resistance.
They tried to break Fibo 123.6% four times but failed.

When New York opened, traders went down to Fibo 76.4%.
They traded up but then still have a resistance at Fibo 123.6%.
Finally, near the end of London session, they broke through the resistance and went up to Fibo 161.8%.
They tried to reach Fibo 176.4% but failed.

After that, it's all downhill.

Fibo is fun alright!