Eurusd/gbpusd - page 1619

 

Yes, 1.36 is still holding until now, again stronger than I thought.

 

Yes, but from which side?

It dangerously looks like a double bottom being prepared

 
searchingFX:
Yes, but from which side? It dangerously looks like a double bottom being prepared

It will be glued to 1.36 in the end. Nothing new. And then they will push it up

 
searchingFX:
Yes, but from which side? It dangerously looks like a double bottom being prepared

It was a double bottom and now it looks like a support

Looks like you were right - still no change in trend

 

If we look closely at the GBPUSD on the daily chart, we can see that it has formed some type of triangle or flag and this could become a resting point for the pair to continue going higher.

 
fxstrategist:
If we look closely at the GBPUSD on the daily chart, we can see that it has formed some type of triangle or flag and this could become a resting point for the pair to continue going higher.

I agree, British Pound remain a potential to go higher.

 

Another tight range trading day. 1.36 will not give up just like that

 

The support still holds (to my surprise this time). Had to take into account low volumes and narrow ranges. Bullish trend still continues. Do not expect big changes. All is still in the "danger zone"

Files:
eurusd_8.gif  70 kb
 

It looks like what we already have seen - someone slowly pushing the price up. But you are right : it is no news day, profit collection day : risky to guess the direction it will end today

 

EURUSD at daily open.

GBPUSD at daily open

USDCHF at daily open

One of those days