EURUSD Simple Trade Plans; Pre/Post ECB News (new uptrend).

Diupdate
ECB deposit rate facility news comes out soon, as well as speech from the ECB in general terms relating to monetary policy.

Anything that confirms a quicker easing cycle will likely feed into a downside drip for the EURO. This comes as a near term uptrend forms on a second high.

Upside moves will rely on anything that will delay a cut (unlikely). The FED has made its position clear lately leading to real weakness around the USD.

Catatan
No change from ECB. Unsurprising reaction.

Awaiting further market moves.
Catatan
EURUSD further crumbling, lock in some gains.
Catatan
1H TL breaking. Likely we may see a bounce given higher TF support areas we land to:

Lower 1h TF,

cuplikan

Higher TF levels:

cuplikan

ECB rhetoric slightly shifting around 1 cut. Dangerous. Supports new found up trend and long bias.
Catatan
Lack of news causing a stall. Strength flowing through USD post fed comments.
Catatan
ECB and FED cut trajectory somewhat along the same lines, slight tentative rhetoric from ECB board members.

Would not be surprised if any fall to lower side of TL takes some
Time. Support areas must be broken, longs therefore lower.
Catatan
Upside TL (1H) Broken. Push back to local MA's would assist new found downtrend to be sustained. Re shorts applicable therefore (blue circle)

cuplikan
Catatan
EUR weakness feeding in, market crumbling lower.

Take some gains as approach key mid level support zone.

cuplikan
Catatan
Video update:

Catatan
Kill shorts.
Catatan
Light rejection as expected. Weak reaction for demand, ideal lower for longs.
Catatan
Follow through continuing, although not heavily, kill longs and re-position lower.

cuplikan
Catatan
Price Popping for reshorts.

cuplikan

Trajectory still being followed.
Catatan
Brace for fed.
Catatan
Rates held. Helping EURUSD fall further.

cuplikan
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cuplikan
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Re-shorts applicable. Further moves likely to depend on sentiment (mixed at the moment).

cuplikan
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Very important pre fed update:

Chart PatternsDXYecbEUREURUSDfedTechnical IndicatorsTrend AnalysisUSD

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