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Piyasa Stablecoin

07.08.26 Daily Forecast

07.08.26 Daily Forecast

Euro vs. US Dollar FX:EURUSD

Pairs on Watch -

USDJPY : Like earlier in the week I am still looking to get long on this pair. We have now broken above the original structure I was looking to enter for the longs and now starting to stack again on the 1H, if we get development with a base to work with, I will look for a risk entry long into the hook point above as a recovery play on the Yens.

EURUSD : We can see with the DXY a very similar piece of price action in terms of stacking on the 1H for a move, and with this pair we have a big enough range to play where we can walk away with a short term 3:1 incase the DXY taps the hook point and moves away. I will be waiting for a second base on EURUSD to form, and ideally a risk entry at the top of structure so it gives me the best opportunity to manage the position into the first inflection point.

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