Eurusd/gbpusd - page 1747

 

We are back to counter trend traders having the majority. Curious to see the open today

 

Gap down. EURUSD 1.2506 at the moment

 

Another visit of the EURUSD to the 1.2500 level. would it bounce or break?

 

The GBPUSD is undecided around the 1.6000 level, but it seems like the bearish momentum is losing steam around that zone.

 
fxstrategist:
Another visit of the EURUSD to the 1.2500 level. would it bounce or break?

If (when) the level 1.25 gets broken the next target is 1.21 (the lows at 2010 and 2012 and almost at 2008 - every two year is seems to be revisited - talking about cycles )

 

What the hell was this?

 
eurofreek:
What the hell was this?

Just a false break. Algos hit clusters of sell and stop losses

 

EURUSD broke the long term support. Even though it retraced a bit, it still remains in the strong bearish zone and bearish trend is likely to continue for quite some time now. Without some significant even the trend should not be canged

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More and more market makers targeting levels bellow 1.2. Looks like the future of Euro us written

 

Interesting : no front running today. Does that mean that traders shifted to stocks again?