Eurusd/gbpusd - page 1764
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We should have listened to market makers : they are so strong that now they do not hesitate to tell what the target is. CBs cannot change anything in that (or better yet : CBs are doing what they are told to do)
Market makers will change their mind as quick as they change the interest rates : as soon as they decide that it is profitable for them, they will shoot in another direction
Open long to short ratios before the market open :
Gap down : 1.2372 current rate
Asian session is not going to change much now
Good night guys. See you tomorrow
EURUSD testing the long term resistance. Depending on the news today we might see another dip down
The dip is here
not a lot of momentum for the EURUSD for today, but it has shown a nice correction.
I agree with your analysis searchingFX, thank you.
Market makers will change their mind as quick as they change the interest rates : as soon as they decide that it is profitable for them, they will shoot in another direction
So true. After good news out of Germany this morning, Euro gain slightly against the dollar. 1.2518 switched to a resistance, but bears are still strong.
Despite its descent on Friday EUR/USD reached the support level at 1.2350 and bounced back, forming what appears to be a double bottom on the daily filter chart, so a new movement to the upside is possible. On the other hand, the bearish trend is not over, so I doubt this is a long-term reversal. That said, a new drop will be confimed when or if it breaks below the support at 1.2350.