1918 reacting! yea we have done 15% already this year which is massive. There might not be much room up. 1.2 will be tough for bull to crack above

The Swamp

i also have 1555 on my chart but seems unlikely at tgis stage. Who knows last Sep we see a usd bull trend after rate cut. Powell has to be hawkish though. as of now, it is a divided Fed and everything remain pointing north. 191x and if bull is ...

The Swamp

indeed, and also how many members voted for 0.50% cut and how many voted to keep the rate unchanged. Powell will try to balance to keep Fed independence, not sure if he will indicates 3 cuts this year. 2 cuts have been on the table since earlier ...

The Swamp

more like profit taking before the news, rate cut has been priced in and traded lately. Some traders may prefer to stay sidelined and jump back in only after the news

The Swamp

yea i have the same weekly channel at around 1880-1900 there is another weekly trendline which is at around 1.2

Only EURUSD

As a trendline trader am finding it hard to draw trendline after the move yesterday

Only EURUSD

bull is likely to continue higher after breaking out of that consolidation zone since July unless Powell is super hawkish to shock the market. market may come back down for a bit due to profit taking but 1850 must give the way

Only EURUSD

yes indeed, it can go either ways or both ways

Planetary Cycles Trading (EUR/USD)

No you are not alone, there might be some profit taking today before the news but i m not sure how deep

EURUSD only

No bear momemtum at this stage last 4h candle looks more like continuation?

The Swamp

i have got a sell signal but near 1820 area may be max that it can get fomc tomorrow, there are too much uncertainty but the bull trend can just carry on as long as Powell is meeting market expectation or exceed market expectation on rate cut

The Swamp

the one you posted today? For now thats how the market has been trading as well

Planetary Cycles Trading (EUR/USD)

i hav been woken up by price alert as usdx hit 96.60. I do have some support here. if we have done this far before fomc, wonder what fomc can bring us tomorrow? Another 100-200 pips up straight to 1.2?

Only EURUSD

yea looks all just like last Sep but the only difference is Trump who threaten the Fed independence, started the tariff, and wanted weak dollarsc

Only EURUSD

usdx at 96.60 where i have some supports marked near this area. But there is no sign of any retracement yet

The Swamp

no plan selling, only thinking if longs if pull back happens

The Swamp

market simply just ignored the green usd data. 1850 reached we have done almost 100 pips today

The Swamp

sharing the same plan here! Let see if bull gets tired now and will leave some unfinished business for fomc tomorrow. ok back to bed

Only EURUSD

Market is expecting a weaker dollar in the mid-long term

Only EURUSD

thought we will only move up here after fomc but it appeared market is ready for a new high! And yes once 1850 is down 1.2 is so so close

Only EURUSD