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this was completely untradeable
EURUSD is officially out of the trading charts
This was the mini correction. Now going into ranging
The volume is so thin that even half a lot changes the price
GBPUSD on the daily chart, the price is moving down along with a bearish trend. On the break of the trend line around 1.6850, we should see an upward thrust.
This was a quick whipsaw. I guess that now, since most of European banks are not working, this is the most that can be squeezed out of the market. A bit more down and then back to daily open
Greetings, Eur/Usd weekly review by Masterforex-V
As you can see on the picture - Eur/Usd impulse down is now finished (MF protective pivot is broken). Its wave level reaches Weekly TF. At the moment we are inside the "Moment of true" with two options:
Option 1:a-b-c cycle of lower TF as a correction forthe whole impulse.With a chance to continue the long term trend up (if 1.3983 high broken)
Option 2:"New A wave" down (without a "normal" correction with a-b-c cycle). In this case we will have a "hidden FZR" down with further developing of a long-term impulse down.
EURUSD is back where it was before all this ECB circus. Again in it's old range. Market decided to ignore all the additional measures ECB introduced and promised. Back to square 1
Last week The ECB's new plan didn't surprise anyone. Today price starts just pick up from last Friday, the main trend is down on the daily chart, a new short-term range has been established between 1.3502 and 1.3676.
Last week The ECB's new plan didn't surprise anyone. Today price starts just pick up from last Friday, the main trend is down on the daily chart, a new short-term range has been established between 1.3502 and 1.3676.
It looks awful similar to what we had been watching for quite some time : the 1.36 level is again a strong support
Lets see first if it holds this time at all - looks like carry trades are going on now
Or this is the reason : "This Is A Trend": Increasingly More Russian Companies Set To Drop Dollar, Switch To Chinese YuanThey are droping Euro too