Ellison EUR/USD Morning Analysis 28/06
Updated
Buys yesterday turned out great and with EUR/USD maintaining the bullish structure we shall continue to look for buy opportunities.
I'll be looking for buys with continuations above the 1.096 price level or at pullbacks to the 1.093 price point of interest.
I couldn't see sells unless we get a break below 1.089.
Noticeable news this week:
The ECB Banking forum spread over the week.
Thursday - US jobless claims and US Quarterly GDP.
Friday - Lots of European and US data.
The sentiment I have seen so far from the ECB Banking forum is that they want to remain hawkish. And with the Dollar currently dropping in value from highs after pausing its biggest rate hike cycle in history, a continuation of EUR/USD buys will be my main goal. At least until something changes fundamentally.
I'll be looking for buys with continuations above the 1.096 price level or at pullbacks to the 1.093 price point of interest.
I couldn't see sells unless we get a break below 1.089.
Noticeable news this week:
The ECB Banking forum spread over the week.
Thursday - US jobless claims and US Quarterly GDP.
Friday - Lots of European and US data.
The sentiment I have seen so far from the ECB Banking forum is that they want to remain hawkish. And with the Dollar currently dropping in value from highs after pausing its biggest rate hike cycle in history, a continuation of EUR/USD buys will be my main goal. At least until something changes fundamentally.
Note
Looking for a setup that looks something like this.
I'd need a convincing close above the resistance on the left just above 1.096.
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