It did look that way but now it's very bullish. I think it may rally above 1.2400.FrancoisT wrote: EUR/USD - The market looks choppy today saying "drink beer and do not touch the platform
Levels around 1.2350 may offers some short term sell opportunities, but I am in doubt this will happen during active session
Neither surprising that the euro went up on the Fed's rate hikes. This was not just once. Especially tightened all the buyers of the dollar and then carried out to continue to bet on the euro. So in the medium term, nothing has changed. The growth of the euro will continue. Today. We leave above 1.2363 - purchases counting on 1.2400 and 1.2445. From these levels I will look at sales for a rebound with a goal of 20-25 points. If you do not start up and make a false breakdown at 1.2363, then sales to 1.2325, and there new purchases on the rebound. If you suddenly fail 1.2325, then there is always 1.2287.
Break above 1.4164 - buy to 1.4220 and 1.4275, where I sell for a rebound. If the false breakdown is 1.4164, they can merge into the area of 1.4116, there are purchases for the rebound after the update of the moving average, or on the rebound already from 1.4062.
GOLD Exit to 1330.67 - purchases in the area of 1335.76 and 1339.50. If we leave below 1327 - I sell with the aim of 1323.50 and 1319.30, where I buy for a rebound.
Dollar purchases continue. Today, the decision on the rates from the Fed, but all attention to the statement on the account, when the rates will be raised. If we leave below 1.1987, then I sell with the goal of 1.1940 and 1.1900. But there is a variant of forming a divergence on the MACD indicator and a rebound from the level of 1.1975 with a return to 1.1987. In this case, I look at purchases to 1.2023 and 1.2062, where I sell for a rebound. Sales from 1.12023 only on a false breakdown.
While we are below 1.3613 continue to fall. Repeated test 1.3576 will lead to a sale in the area of 1.3542 and 1.3498 and 1.3459, especially on the weak data on the construction sector, which may come out today. If we return to 1.3613, then I look at the purchases to 1.3653 and 1.3697, where I sell for a rebound.
If we leave below 1307.30, then I sell on the basis of 1301.50 and 1296, where I buy for a rebound. In case of growth, I look for sales after an unsuccessful attempt to gain a foothold on 1315, or on a rebound from 1320.20.
A turn is planned, so with sales you need to be very careful. If we leave under 1.1980, I'll see sales to 1.1940 and there everything depends on the breakdown. We can easily slide into the area of 1.1900 and 1.1866. If below 1.1980 there is no quick sale and we return to this range, I buy and add to long above 1.2023 with a target. 1.2062 and 1.2102.
The situation is similar to that of the euro, only + important data on services are coming out. Growth is expected, and the pound is rising. False breakdown and return to 1.3592 - buy to 1.3646, and there I add to long to 1.3697 and 1.3755, where I sell for a rebound. If we fall on the data, then purchases after a false breakdown at 1.3543, and better in the area of 1.3498 and 1.3459.
Shopping after a false breakout at 1307.60, or on a rebound from 1301.40. Break above 1313.90, I add to the long with a target of 1319.50, where I sell for a rebound. If a false breakdown at 1313.90, then I sell with a return to 1307.60.
I look for purchases after re-decreasing to 1.1950 and forming a false breakdown there, or after real consolidation above 1.2006 with the aim of correction to 1.2062 and 1.2102, where I sell for a rebound. If there is no demand for 1.1950, then I see the volume at 1.1900 and 1.1866 and buy the euro there. If we make a false break and return under 1.2006, then I sell with the target of 1.1900, and below 1.1950 I add to the shorts.
Break below 1.3559 - sell to 1.3498 and 1.3459, where I buy for a rebound. If we make a false breakdown at 1.3559 and return to this level, then I look at purchases to 1.3623, where again sales. Fastening above 1.3623 is a continuation of growth at 1.3689, where I sell for a rebound.
We fix on 1313.80 - I buy with the aim of 1319.53 and 1325.70. If we make a false breakdown at 1313.80, then I sell with the target of 1306.80, where I look for purchases, or in the absence of demand for gold, I buy for a rebound from 1301.45.