Eurusd/gbpusd - page 1956
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If they do not agree, judging from last time, Euro will skyrocket high
Probably - but judging from cot data, trend is about to change (longs for Euro are rising)
Anyway, politics can change or confirm all that
Probably - but judging from cot data, trend is about to change (longs for Euro are rising) Anyway, politics can change or confirm all that
Still the shorts are much greater than the longs. That could be attributed to summer pulling out too. But of course, traders are weighting the risks, and when the risk is unpredictable, the best thing is to avoid it
All right then this is my plan for Monday:
EURUSD
- price forming LL+LH since retest MA200 @ 1.137
- weak Ldn open: test 1.11/1.10
- strong Ldn open: retest/break 1.137
GBPUSD
- bullish trend broke lightly out of conso phase
- weak Ldn open: retest 1.53/MA200
- strong Ldn open: target 1.565/1.57
Take profits.
I don't think that 1.1000 is going to be reached soon again. USD is striking back in the currency wars - nobody wants to be the strongest currency. Nobody
Long to short ratios before the market open :
50 pips gap down on EURUSD : 1.1216 currently
50 pips gap down on EURUSD : 1.1216 currently
Went a bit up - falling again
Went a bit up - falling again
They are going to wait now - another boring Asian session
Level 1.1200 still holding
For how long?
EURUSD is in a sideways phase for the last couple of days - if nothing is changed, it is probably going to continue that way (regardless of Greek crisis, the market did not decide - yet. If it does, the change can be big - risky trading since all iss going to be based on rumors). Trend did not move out of the long term bearish channel but do not count on any TA now - now it is a time of rumors and politics, not TA and fundamentals