Eurusd/gbpusd - page 1588
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This looks like a whipsaw, not a correction
I think you are right, it does not look like just a correction.
After all it turned out to be a correction (this time GBP did not cause this change)
After all it turned out to be a correction (this time GBP did not cause this change)
There was a comment from ECB that there will be no additional measures in the next few months. That could cause this correction
There was a comment from ECB that there will be no additional measures in the next few months. That could cause this correction
That could be a cause. ECB doing the same thing again : talking it down and then doing anything to make it all as confuse as it is possible. Same old story
All in all total change was 30 pips. That is not insignificant these days, but changes nothing. Trend is still bearish
All in all total change was 30 pips. That is not insignificant these days, but changes nothing. Trend is still bearish
In the good old days those 30 pips could be back in an hour
Now we gave to wait a full day
The GBPUSD stays below the 1.7000 level and could give us a bounce from here, but it may still want to go and visit the historical high at the 1.7040 level.
Range tighter and tighter
We shall have to wait tomorrow (FOMC) for a normal trading day
Range tighter and tighter We shall have to wait tomorrow (FOMC) for a normal trading day
Back to daily open ahead of German ZEW. It can go anyway from here now
For so bad ZEW numbers this is no reaction at all. Waiting for US data then