Eurusd/gbpusd - page 1541
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That too. But it seems that some are hoping - guess that they have short positions opened
If they have (short positions opened) then they are going to have problems tomorrow. Only 27 pips range today - everybody waiting ECB tomorrow
Market is cleaning up the positions before ECB. Or this is just a simple range trading done by brokers to hit some stop losses?
Market is cleaning up the positions before ECB. Or this is just a simple range trading done by brokers to hit some stop losses?
Probably
Current long to short ration on Oanda is 24.45 to 75.55%. Long positions are almost gone (as a result of profit taking before the ECB press conference)
Risk on the long side is growing each and every day. Keeping opened long positions for a long time is becoming irrational - not because of ECB decision - but if ECB does not decide to do something Euro may collapse
Everything is prepared for a big fall down - someone knows what we do not know?
ECB to hold course as euro strength challenges recovery | Reuters
That will be "interesting"
And so there is the pullback on the EURUSD to the 1.3900 level. There is a good probability of a bounce, unless the fundamentals support a lower drop.
It is ECB day. That is why the pullback. Nobody wants the be the one fooled by sudden Draghi's change of mind and some action he does (even the probability that there will be something more than "we are ready to act" are close to 0)
It will be a slow day till ECB conference
It is ECB day. That is why the pullback. Nobody wants the be the one fooled by sudden Draghi's change of mind and some action he does (even the probability that there will be something more than "we are ready to act" are close to 0)
No biggie,
Certainly draghi has the right to talk and act suddenly. But we are traders and the focus needs to be on the apparent market moves.
In the past 6 hours, we have seen EU bounce from the EMA 20 and the upside impulse is already developing.
will definitely be hunting for those buys.