Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
EUR/USD Hit All Targets
2021-08-16 • Updated
4H Chart
Daily Chart
EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1.18, while our entry was at 1.1730, giving us a net of +70 pips profit. In the meantime, the Euro retraced 50% of recent declines (8 sessions of consecutive declines), therefore, another leg lower is highly possible this week. Yet, I would prefer to wait for such retracement to be completed, which may reach 1.1830’s before issuing a new trade. Stay tuned!
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1.1625 | 1.1701 | 1.1749 | 1.1777 | 1.1825 | 1.1853 | 1.1929 |
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Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
Latest news
The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.
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Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...