EURUSD, what is next baby? Show me some love
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EURUSD
FA: few things that pushing down EUR are business sentiment and inflation in services
1. According to the European Commission, the overall Eurozone business sentiment index increased to 96.6 points vs 96 before. Business climate in industry is already in the area of local lows -9.7 vs -10.5. The most stable segment, services.
2. Everything but energy is rising on a year-over-year basis. The main components of annual inflation in August are highest in services 4.2% vs 4.0 in June, followed by food, alcohol and tobacco 2.4% vs 2.3%, industrial goods 0.4% vs 0.7%, energy -3.0% vs 1.2%
TA: After taking global swing and top of global range at 1.114 EUR made a deviation and closed on weekly time frame inside of this range which consider to me as a reversal, i would love to see 0.5 test of this global range in next few weeks
Locally EUR has a reversal and has downtrend on 1h time frame with first potential target as daily FVG at 1.08932-1.0837. Keep in mind there might be some manipulation till 1.1093 area at the beginning of the month before further move downwards.
If 1.1032 lvl will be failed and I will see aggressive movement down, i will be looking for short position till daily FVG
But overall I am bearish on EURUSD unless i see reversal pattern on 1h time frame (double shift) then my plan will be canceled and i will be looking for long positions
FA: few things that pushing down EUR are business sentiment and inflation in services
1. According to the European Commission, the overall Eurozone business sentiment index increased to 96.6 points vs 96 before. Business climate in industry is already in the area of local lows -9.7 vs -10.5. The most stable segment, services.
2. Everything but energy is rising on a year-over-year basis. The main components of annual inflation in August are highest in services 4.2% vs 4.0 in June, followed by food, alcohol and tobacco 2.4% vs 2.3%, industrial goods 0.4% vs 0.7%, energy -3.0% vs 1.2%
TA: After taking global swing and top of global range at 1.114 EUR made a deviation and closed on weekly time frame inside of this range which consider to me as a reversal, i would love to see 0.5 test of this global range in next few weeks
Locally EUR has a reversal and has downtrend on 1h time frame with first potential target as daily FVG at 1.08932-1.0837. Keep in mind there might be some manipulation till 1.1093 area at the beginning of the month before further move downwards.
If 1.1032 lvl will be failed and I will see aggressive movement down, i will be looking for short position till daily FVG
But overall I am bearish on EURUSD unless i see reversal pattern on 1h time frame (double shift) then my plan will be canceled and i will be looking for long positions
Zlecenie aktywne
Opened 1 speculating position after ISM news, LOH been taken and was nice 1/2 RR tradeTransakcja zamknięta: osiągnięto wyznaczony cel
reached target fully, now waiting for reversal 
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