Eurusd/gbpusd - page 1689

[myname]

searchingFX:
Support still holds - trend is still bearish, but we can expect retracement or a sideways market for some time

I think that we are going to see some retracement all the way to the Scottish referendum. Some running from GBP can be expected even in an Euro way (as a safer solution than a GBP for these 10 next days and eventually after that)

[eurofreek]

SNB doing its job. See EURCHF - that is why Euro is falling in EURUSD

[myname]

eurofreek:
SNB doing its job. See EURCHF - that is why Euro is falling in EURUSD

You are probably right - shifting EURUSD positions to EURCHF positions. After all : central banks are trading forex. In any case 1.29 is a strong support

[eurofreek]

nbtrading:
You are probably right - shifting EURUSD positions to EURCHF positions. After all : central banks are trading forex. In any case 1.29 is a strong support

It is either that or US data leak (in the last month or so, frontrunners always start 1.5 hours before the news - maybe SNB is leaking data to HFT companies in order to keep CHF and desired level :):))

[myname]

Sorry guys. False assumption. It was not SNB responsible for EURUSD rate

Here is the key sentence :

RUSSIA LIMITING EU GAS TO RESTRICT REVERSE SUPPLY TO UKRAINE

[eurofreek]

nbtrading:
Sorry guys. False assumption. It was not SNB responsible for EURUSD rate Here is the key sentence :

Well, that changes everything

Draghi is getting help from all the sides

[juan de dios]

All seems as usual. Support line is tested again and holds for now again. If there was some extraordinary event, it did not disrupt projected trend, ranges nor support, The last move down was like a filling in the gap to reach an average daily range from the last couple of days and trend confirmation.

But still the "danger" of retracement or sliding sideways is real (if a more decisive bearish trend confirmation is not produced within next couple of days)

[eurofreek]

Guys, Barclays latest forecast :

Europe’s common currency will weaken to $1.27 in a month, to $1.22 in three months and to $1.10 in a year

No comment

[juan de dios]

Still at support,. No changes in the trend for now

[abdulaziz]

Yes you are right, I agree with you.