Eurusd/gbpusd - page 1480

 

FOMC day - only worse can be a rate decision day. We shall see no change before the FOMC minutes. Whole 19 pips range so far today

 

There will be no surprises - this is a mild profit securing and then it will continue in a bullish trend after FOMC minutes

 

We are back to day open. Everybody waiting for FOMC minutes

 
avi1:
stop out 6655 tp1 123p!, tp2 99p !!!!!!!!!!, tp3 81p, !!!!!!, tp4 63p!!!!later week no. 6718 was signal sell---- ()

stop,out 6645 tp73p ()

 

That was it. And now back to the track. This miny whipsaw is all that they could squeeze out of this thin volume

 

They are playing the good news is a bad news again. Good old times are back

 
avi1:

()

week no. eu--3693 , 3724, 3733, 3753, was signal buy----3765 tp1 72p, tp2 41p, tp3 32p, tp4 12p

later week no. 3753, 3733, 3724, () was signal sell-----

 

Everything as expected for now. This was a support testing. Let see what is going to happen next. The odds that the bullish trend will change are minimal

Files:
eurusd.gif  42 kb
 

EUR/USD

The single European currency was leading in the first part of the week versus all its major opponents. The euro rose, despite the fact that the data on the EU economy indicated unexpected results that rather be called weak.

The pair came to 38th figure on declining volumes. If the price does not consolidate above 1.3800 reverse rebound to the nearest support level 1.3700 may be expected.

 

Now when it is obvious that FED does not care about the unemployment rate it will be interesting to see the reaction of the market