Eurusd/gbpusd - page 1931
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It looks like EURUSD is entering the ranging period
EUR/USD failed to break above the resistance at 1.1450, formed a doji candlestick on the daily filter chart right under the resistance level and moved to the downside again. I think it will continue descending at least until it reaches the support at 1.1270 or perhaps even 1.1200.
Tomorrow will be an interesting day. Today they moved Euro 150 pips down with no reason at all. How many pips up tomorrow, again, with no reason at all?
Tomorrow will be an interesting day. Today they moved Euro 150 pips down with no reason at all. How many pips up tomorrow, again, with no reason at all?
You might be right
The range is so tight now that something must happen tomorrow - probably back up
You might be right The range is so tight now that something must happen tomorrow - probably back up
The fall continues
What was this all about?
What was this all about?
It is simple : as I was warning, ECB will cut rates further (down to -3.0% in they think it is appropriate). They confirmed it today. So, it is not about FED hiking rates or not, but that ECB WILL cut rates
German data - bad
ECB - promising further rate cuts
EU - temporary good data stopped flowing in
_______________
FED - data bad,
FED - rate hike : no so fast
_______________
Result : nobody knows which one is worse. A draw
Well HFTs were happy to jump on it for another push up
EURUSD is heading for a double bottom
Let see what happens then