Eurusd/gbpusd - page 1528
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Yes, nonthing new thats why EURUSD is still ranging [1.3811 | 1.3842].
It was predictable - but it seems that this time Draghi knew what we still did not : what is starting in Ukraine. Very dangerous
Draghi speaks, market yawns. Watch the EURUSD closing pattern. See my Daily Forex Trading Outlook
They are playing with 1.38 level again. This is the 4th time in this month they are doing the same
And for the 4th time it bounces from level 1.38
The next time they are going to break it so much that it will drop like a stone
Once again market is disappointed by Draghi's speech, it drives EUR/USD back above 1.38.
The GBP/USD is not going any where until we get some real important fundamental data to support a move above or below the 1.6800 level.
These algo HFt traders are not capable to do anything but a whipsaw. They are doing it all the time. So much about bringing the liquidity into the market. They do not invest anything - so no liquidity coming from them at all
1.38 held and also a new support line has been formed. Again a clear bullish trend is a trend for EURUSD. ECB "talking down" measures will have to be changed, or else they will never bring Euro to the levels that is desired by Europe economy
This will be one boring day for traders