Ellison EUR/USD Morning analysis 06/07

2023년 7월 6일

Keep in mind we are still early into the business month and business quarter and we have had some US holidays at the beginning of the week so we haven't had much volume and volatility this week so far.
But the second half of this week does seem more eventful and we should see some increase in volume and volatility up until the end of the week in my opinion.

From a macro fundamental perspective central bank monetary policy has been the main driving factor and what we have been taking advantage of for the dollar. It still remains on the bullish side as FEDs look to keep rates up in a restrictive stance and follow their methodology of rates up higher for longer to ensure inflation reaches their goal of 2% and maintains that goal of 2% for a significant period of time.

Potential to start to see some dollar strength and sells on EUR/USD.
https://www.tradingview.com/x/Wpo2zeg7/

If we see rejections from prices 1.087 or 1.089, I will be looking for sell entries. I can only see buys if we break above and hold 1.093.

2023년 7월 6일

노트

2023년 7월 6일

노트

2023년 7월 6일

노트

I got stopped out, will look for more entries at US open

2023년 7월 6일

노트

Great drop when employment news came out very bearish for the EUR/USD.
Right on my zone, will look for sell opportunities

2023년 7월 6일

노트

Price performed a 50% retracement from the news move, if this price breaks the low we can look for more sells. If price wants to go higher, wait for a break of the structure before confirmed sells.

2023년 7월 6일

노트

2023년 7월 7일

노트

Great rejections from the zone provided, lots of opportunities to get in.
Price also gave me another opportunity to get it this morning as it created a double top with the price from pre-news yesterday. Targets at around 1.079.