The chart above explains.
Good luck.
P/S : Do not just believe what I say. Use your common sense.
Good luck.
P/S : Do not just believe what I say. Use your common sense.
Comment:
Over at the DXY, price finds it tough to move above the 'A'.
And here in EURUSD, the previous POC @ 1.0612 seems to be supporting price and prevents it from moving down further.
But you know what - the answer seems to be US02Y which is riding HIGH now. If we want EURUSD to fall further, US02Y needs to FALL HARD!!!
Good luck.
And here in EURUSD, the previous POC @ 1.0612 seems to be supporting price and prevents it from moving down further.
But you know what - the answer seems to be US02Y which is riding HIGH now. If we want EURUSD to fall further, US02Y needs to FALL HARD!!!
Good luck.
Comment:
Getting to 1.0525 soon.
That will be a good time to BUY :)
Good luck.
That will be a good time to BUY :)
Good luck.
Comment:
It would soon be 1 October, when a possible government shutdown occurs. How will the Dollar react to this?
If the yellow line @ 1.0575 is still important and if the price still does NOT go ABOVE the previous high @ 1.0688, can you see who is holding the 'advantage' at the moment, BUYER or SELLER? Can you see a 'potential' D @ 1.0575?
Which is why we need to know the key levels at play. If not, you won't even notice it.