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It is bouncing between 1.1100 and 1.1200. FONC is slowing down everything - liquidity is drained to the maximum
It is bouncing between 1.1100 and 1.1200. FONC is slowing down everything - liquidity is drained to the maximum
Asian session is pushing it up
Something strange is happening - China again?
EURUSD
UP To Level 1.12415
EURUSD
Down To Level 1.11739
EURUSD continues slowly byr steadily in a new bullish channel. There will be nor significant changes til FOMC. Today's support level (if it gets tested) is 1.1150
The range is becoming tighter and tighter. No leaks from FED this time (or else we would see big changes already)
The range is becoming tighter and tighter. No leaks from FED this time (or else we would see big changes already)
It is a narrow range and the pair continues in search of direction.
If we look at the daily chart it becomes clear that EURUSD s ranging since the beginning of the year. This level is what was set up already then
EUR/USD is still forming a flag and should it break above 1.1230 it might reach the resistance at 1.1270 that coincides with the (89)MA on the four-hour filter chart.
EUR/USD is still forming a flag and should it break above 1.1230 it might reach the resistance at 1.1270 that coincides with the (89)MA on the four-hour filter chart.
It did. But it wil go further up - there will be no TED rate hike