Eurusd/gbpusd - page 2103

 
It bounced off the support at 1.0550 again. It probably won't break below that level before the ECB press-conference tomorrow.
 
csc2009:
The pair downside pressure remains, support level lies at 1.0558. Markets main focus is still on prospects of further easing by the ECB tomorrow.

Yes, but it seems that both FED and ECB will do their favorite : nothing. And in that case it will go ranging again

 

At a day like this, 20 pips change is nothing. Market did not get what it was expecting. We can expect some more ranging before the decisive break down

 
searchingFX:
At a day like this, 20 pips change is nothing. Market did not get what it was expecting. We can expect some more ranging before the decisive break down

My point exactly except that the long time ranging can not be excluded yet. Support still needs to be broken - level 1.05 - and without clear reasons, we can go back to the last 7 months of no trend

 
eurofreek:
My point exactly except that the long time ranging can not be excluded yet. Support still needs to be broken - level 1.05 - and without clear reasons, we can go back to the last 7 months of no trend

That was just a quick profit taking before the major news. Nothing unual

 

Support line is still holding. There is no change in trend. As usual in the last period : sell any raise in EURUSD rate

Files:
eurusd_9.png  115 kb
 

Euro at 7 month low again. Front running anticipating rate cuts

 

Scamm 101 : FT used to leak ECB not changing rates

 

All it took is ECB doing nothing

Th same thing as 7 months ago

 

Market makers dropping short EIRUSD positions (Deutche bank did). Something is preparing