Eurusd/gbpusd - page 2135

 
victoriajensen:
Indeed, range is continuing. The pair will probably reach 1.0800 again soon.

It bounced back. It is being kept in the 1.08 to 1.09 range

 
searchingFX:
It bounced back. It is being kept in the 1.08 to 1.09 range

We shall see the next week, but this is becoming ridiculous

 
eurofreek:
We shall see the next week, but this is becoming ridiculous

That is usual in the times of ranging

Directionless trading is the easiest and the hardest to trade. Easiest if you assume that it is directionless. Hardest if you are looking for a trend

 
searchingFX:

That is usual in the times of ranging

Directionless trading is the easiest and the hardest to trade. Easiest if you assume that it is directionless. Hardest if you are looking for a trend

I agree,

But what is ridiculous is the degree of control, which is more and more opbvious

 
eurofreek:

I agree,

But what is ridiculous is the degree of control, which is more and more opbvious

It was always controlled - only we believed that it is not

That is the whole difference

 

Interesting events this week would probably impact these two pairs, so be careful.

 

Immediate support level at 1.0800 is still holding for now, break below could lead to 1.0700 zone.

 

For the last 2 months EURUSD is dirrectionlss. Witout some major news, it is not going to change. Trading using ranging rules : tight stop losses and tight take profits

Files:
eurusd.png  118 kb
 
searchingFX:

It was always controlled - only we believed that it is not

That is the whole difference

Well, this time they are overcontrolling it - a state of panic

 

The pair is testing the resistance at 1.0900 again. If it breaks above that level it will rise towards 1.1000.