EURUSD on support

The euro against the US dollar, just like other currency pairs, surprised investors yesterday. Everyone expected increases as if they had forgotten the speech of Powell, who is chairman of the US federal reserves. Until his appearance, the prices were clearly weakening the US dollar. Then there was a turning point that cut all gains and deepened the lows in a few cases (or broke highs where the dollar strengthened).

I present two images of the charts. The chart from H4 is the one where the support zone is marked and the line to which level I will be waiting for the condition to be met. The second chart is M1 and the condition that must be met for me to make a decision to go long at this level. Describing in words, breaking the hole, then breaking the last highs and entering a correction. The whole thing can be stretched over time because the EURUSD pair often does not do it on high volatility as it does with other currency pairs.

GBPUSD under pressure

The pounded British pound is now dominated by the dollar. This does not mean that there will be no further growth as the UK economy is one of the best performing in the world in all respects. The real estate prices themselves are so high that they make you dizzy. Right now, we are seeing breakout attempts slowly raising the price, and breaking the rate 4 times faster. Personally, I do not like such a market, I prefer to see movements in a specific direction. I prefer to see the corrections on the chart because I can make informed decisions according to the strategy. Due to the lack of variability that I expected, I take into account the support marked with a cross. From the W1 interval you can see why I am considering this level. If I don't see a bounce then I wait for the level set at the beginning of the week, and even showed it again yesterday.

DAX30 at the trend line

The German index of the 30 largest companies in Germany is consolidating across a wide price range. For me personally, it is not a problem because it uses local trends that are worth earning anyway. Currently, lower lows are visible again highs, so we have a chance to bounce off the trend line and the price to descend again. The designated level is also on the base which I marked on the left with a blue line.