Eurusd/gbpusd - page 2097

 

No change for now. Support is still holding, and still remains a bearish support (not indicating any trend change)

Files:
eurusd_3.png  115 kb
 

Every raise in the EURUSD is used for shorting. Anybody going long is risking a lot

 

Level 1.06 is gone

 

It is reaching the March lows

Euro can not hold level 1.06 for long

 
eurofreek:
It is reaching the March lows Euro can not hold level 1.06 for long

It is a lonf time support. This will be the crucial level

 

EUR/USD finally broke below 1.0600 and is likely headed for 1.0520. If it breaks below that support we will probably see it test 1.0479, which is the previous low.

 

This last bounce was not something that I was expecting. Interesting ...

 
eurofreek:
This last bounce was not something that I was expecting. Interesting ...

That was quick profit taking - someone got cold feet on JP Morgan forecast

 
whisperer:
That was quick profit taking - someone got cold feet on JP Morgan forecast

That was probably JP liquidating positions

 
eurofreek:
It is reaching the March low Euro can not hold level 1.06 for long

I agree, even though the pair managed to regain 1.06 level but not for long. Eur/Usd found support at today's low 1.0565, 1.0500 level remains critical.