Eurusd/gbpusd - page 1910
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"The weakness of in the US economy "during the winter months" , once again the FED blamed the cold weather.
Giving up gains - let see how fast
It starts to look as if the long term support/resistance is becoming a support. We are also having one more thing : dip buyers. Next few days are going to show, but we might be looking at a start of a trend change
It starts to look as if the long term support/resistance is becoming a support. We are also having one more thing : dip buyers. Next few days are going to show, but we might be looking at a start of a trend change
Dip buyers very strong
No support for USD
Dip buyers very strong No support for USD
Last move was probably caused by a hit to a cluster of short orders
But be careful : shorts are still high (a bit bellow 60%) and hfts are going to hunt them in the next days - wait till longs get equal to shorts and then we can have some conclusions
Profit taking started - I think they are going to push it up again
Profit taking started - I think they are going to push it up again
Dip buyers are still around - they are not just going to give up now when they can harvest a bunch of shorts
Eur/Usd is back to 1.1180 level after hitting fresh highs today at 1.1250. I guess now we are waiting for the US data releases.
We are back where it all started (which is usual when such a big change happens). But the long term support/resistance is still a kind of a pivot point for now
Dip buyers still running the market