Wednesday September 29, 2021 - 17:29:59 GMT
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EURUSD 1.16 Bullseye: Global-View.com Forex Forum Update
The following is the EURUSD thread from Sept 29, 2021, as the market made a run at the major EURUSD 1.16 level. Note the logic that kept the market aiming for this key level as it remains vulnerable despite what is so far a tepid defense.
|Mtl JP 16:12:30 GMT - 09/29/2021
|EURO 1.1600 - alleged major defense level-but once the defenders are either forced into defeat OR their defensive parameters peter out, there is little Sup down to 1.15technically, note that by some tech measures , puppy displays "oversold" so a massive drop to 1.15 may not be fast n furious massive.
|GVI Forex 15:43:41 GMT - 09/29/2021
|According to AT logic, these are the levels that would need to be broken to signal an end to the current down episodes in each time frame in the EURUSD and shift the risk from 1.16.:1.1621 => 15 minutes1.1649 => 30 minute1.1690 => 1 hour1.1690 => 4 hour1.1600 remains major support and a tempting target to see if there are stops or if it will be defend3ed.
|GVI Forex 15:12:25 GMT - 09/29/2021
|I posted this on the AT Forum yesterday.Quarter endGVI Forex 10:40 GMT 09/28/2021 - My ProfileThe end of a quarter can be tricky so hard to guess what the flows will be. However, on a month-to-month basis, US equities are lower, which implies USD buying as FX hedges get reduced.
|GVI Forex 14:36:09 GMT - 09/29/2021
| ... and for those following AT logic, it has been a classic AT Ladde Strategy trade to the downside across multiple time frames.
The Amazing Trader
|GVI Forex 14:33:43 GMT - 09/29/2021
| AT daily chart shows 1.1600 as major support. There is a void below it for 200 pips. We will see how hard 1.16 is defended.AT subscribers: Note my post on the AT forum yesterday about quarter-end flow risk.
The Amazing Trader
|Belgrade Knez 14:22:18 GMT - 09/29/2021
|next support level at 1.1611 then 1.1600 .....
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