Eurusd/gbpusd - page 1941
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It is overreacting -as usual
This is glued to 1.090 (they are waiting for a new rumor
)
The EUR/USD moved today between two levels 1.0853 support and 1.0950 resistance in the 4H chart , waiting to break one of them to know the next target.
The EUR/USD moved today between two levels 1.0853 support and 1.0950 resistance in the 4H chart , waiting to break one of them to know the next target.
EUR/USD broke above the resistance at 1.0900 and is currently headed for the resistance level at 1.0950. Should it break above that level it will likely reach 1.0980.
This is glued to 1.090 (they are waiting for a new rumor
I guess we are back to consolidation.
Support is holding. We can call it an end of month. We can call it profit collecting. We can call it bouncing or correction. But the EURUSD hit the support and the long term support is still holding.
With statements like this - Fed's Bullard : "Quantitative easing doesn't look like a good policy either," (Fed's Bullard: low rate vow is 'not helpful,' GDP targeting is | Reuters) it is clear what is prepared for Euro but it will take time. In the mean time be prepared for more ranging within the bearish EURUSD long term channel
Summertime lull started
Super tight Asian range - ending in zero. Chinese housewives giving up on forex trading?
Summertime lull started Super tight Asian range - ending in zero. Chinese housewives giving up on forex trading?
If this summer gets the same as last that will be some dull summer
Today it is all about US GDP. If there will be no surprises, we can expect a bounce up from the long term bearish channel support
They pushed it up and again 1.100 seems to be a strong resistance. Well, we shall see when the news are published (although it seems that all are waiting news about Greece, not the US news today)