Eurusd/gbpusd - page 1737
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Multiple attempts on 1.2750 level. So far it is proving to be a strong support
Like a dead cat bouncing on that level
It just will not break down. We are in a ranging period
EUR/USD has been testing the resistance level at 1.2840 for days now but it seems it cannot break above it. Still, there is no proper signal yet for a reversal and the situation remains unclear.
Unless ECB clearly states that is have stared its own QE, EURUSD will most likely range
Unless ECB clearly states that is have stared its own QE, EURUSD will most likely range
I agree, what we see today EURUSD has dropped 50 pips is just because the ECB considers buying Corporate Bonds.
And with SNB sitting around to corner and waiting to jump in to "save the CHF" (they will not allow EURCHF bellow 1.20) along with FEDs VE (verbal easing) ECB will have to put one hell of a fight to push Euro further down
Maybe USD strength would continue to push the pair lower.
The GBPUSD nears the 1.6200 level, but it bounces back down from that zone.
The cause for the last downwards price change for EURUSD was clearly the BOE rate votes - even an indirect news is used for EURUSD now. The EURUSD is in interesting position now : it shifted into the primary bearish channel and it looks like it has every intention to stay in it for some time. The 1.2750 resistance battled the attempt to be broken - now we have to wait for further bearish trend continuation confirmatio
EUR/USD could not break above the resistance level at 1.2840 despite spending days testing it and eventually started descending again, breaking below the support level at 1.2680. I think the next target is 1.2520.