Eurusd/gbpusd - page 1875

 
eurofreek:
Asian session started as yesterday : with a push up Looks like they are slowly getting rid of dollars and buying euros

They are finishing the session with a push (first they got it down). But the range is way to tight for anything conclusive - all will depend on news (and on NFP tomorrow ultimately)

 

Well, NFP is shifted and profit collecting replaced it. Probably the real reaction to NFP will be at Monday

 

Only some big surprise can revert this profit taking now

And NFP will count on Monday only (and will, in a low volume it will be tomorrow) much better not to trade - HFTs are bound to whipsaw the market tomorrow

 

Despite good US data, Euro rising. Massive profit taking before the holiday (nobody wants to be surprised by NFP data)

 

We might see a break of 1.0900 today

 

seems like HFTs are taking advantage of low volume to make biggest "splash" in otherwise low volume trading stream

 
asaens2:
seems like HFTs are taking advantage of low volume to make biggest "splash" in otherwise low volume trading stream

This is a pure HFT mess

We shall see on Monday what happens

 
eurofreek:
This is a pure HFT mess We shall see on Monday what happens

The whole day US data is better than expected

Of course that those are HFTs and profit securing before the holiday NFP. Nobody believes that NFP will be better than expected

 

As expected, with a low volume and profit collection, EURUSD bearish resistance was revisited today. Tomorrow with even lover volume we can expect some more manipulation (regardless of the NFP data - it is going to be used as a trigger by algo trading) so do not be surprised if the resistance is broken tomorrow, but the deciding will be what happens on Monday not tomorrow

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Weekly change : 0 pips. The target is reached

Reason: