Eurusd/gbpusd - page 1540
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Next step : 1.4? Man, that will be something
It sure looks like that. This week for braking the 1.4
Even though the EURUSD has tried to retrace its recent rally, the uptrend is still intact and we may see a continuation to the upside for the next couple of days.
This is just a short consolidation
The trend is up - we might see level 1.4 break this week
Dip buying time
Both the EU and GU are demonstrating corrective phases after yesterday's bullish run.
Need some impulse to break this consolidation> eg; Yellen's speech later
If Draghi tomorrow comes up with the "we are prepared to do all that is necessary" EURUSD will explode up
Traders are front running Yellen dovish speech that is expected
GBP/USD weekly review
Last week a New FZR up h4 happened (MF/Elders Baskerville Hound Trend up prolongation pattern).
As Long as MF Channel and MF pivot (protecting trend up) are not crossed -
GBP/USD trend up will proceed
.So far everything as expected.
Small "middle-week" recap on GBP/USD "new" situation.
As trend up proceeds MF pivot moves together with the price, that way we constantly go with market where it goes.
Traders are front running Yellen dovish speech that is expected
Maybe, but I got the feeling that they are simply getting rid of opened positions to prevent any surprise
Maybe, but I got the feeling that they are simply getting rid of opened positions to prevent any surprise
That too. But it seems that some are hoping - guess that they have short positions opened