Re: EUR/USD

#901
EUR/USD rallied after bouncing off from 1.1170, but I don't think that for now the correction is over.


Re: EUR/USD

#904
mlawson71 wrote:
Sun Jun 28, 2020 10:28 pm
The market will reopen soon, do you guys think the move south will continue?
yes 1.1170 is key support and eurusd may struggle to keep above it as next week sees some important data coming out of the US.

US PMIs on Wed expected at 49 (up from 43) plus the minutes from the last FOMC mtg released later in the day, then on Thursday it's NFP as Friday is the July US bank holiday and another positive figure expected.
aa eu1.png

Re: EUR/USD

#905
Yeah, there are quite a few fundamentals this week that could affect it. I assume range will last until then.


Re: EUR/USD

#906
mlawson71 wrote:
Mon Jun 29, 2020 11:22 pm
Yeah, there are quite a few fundamentals this week that could affect it. I assume range will last until then.
Retail and institution positioning for eurusd, big disparity, retail net short while institutional is net long.
The retail data is from a large broker and the institutional data is taken from the weekly COT report.
The inner ring is the previous week and the outer ring is the latest.
aa senti1.png

Re: EUR/USD

#907
So far nothing has ended the sideways range, I really hope that the NFP tomorrow will finally change that.

Re: EUR/USD

#908
The pair is at 1.1270 but so far there is no breakout again. By the looks of it that will continue developing into next week.