Eurusd/gbpusd - page 2178

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The GBPUSD stalls around the 1.4500 level and it may try to go back up, in continuation of its bullish trend. Next resistance may be the 200 day EMA, around the 1.4657 level.

 
The shooting star candlestick on the daily EUR/USD time-frame yesterday had the expected consequences and the pair fell, it's currently testing 1.1400 and a breakout below that level will likely lead to a further drop to 1.1200.
 
The Pound versus the Dollar continues correcting to the downside, but the bullish trend is still in place. 
 

Despite weak data from US, the pair drop back to previous resistance level around 1.1400 level, once Eur/Usd break down 1.14 handle it will probably open the door to further downside towards 1.1350. 

 
The NFP data caused another whipsaw, which at this point is hardly surprising. The support at 1.1400 remains unbroken though, so the pair will likely start climbing towards 1.1470 - 1.1500 again.
 
Classical whipsaw 101. What else could we expect?
 
Eur/Usd is right back to where it started due to mixed US data, trading almost flat, leave the pair's direction undecided. Upside seems limited, on the downside immediate support level can be found at today's low at 1.1386.
 
csc2009:
Eur/Usd is right back to where it started due to mixed US data, trading almost flat, leave the pair's direction undecided. Upside seems limited, on the downside immediate support level can be found at today's low at 1.1386.
Usual no volume whipsaw trading day. We are living the mirage of a market - there is no market any more
 

I think that EUR/GBPasset will go up.


 

I can see two scenarios here – the basic (1) and alternative (2).


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