Eurusd/gbpusd - page 1919
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NFP being priced in. Everybody thinks that NFP can not be as bad as last time. But what if it does?
1.1390 proved to be a pretty strong resistance level for EUR/USD for the moment. The pair failed to break above it and moved to the downside again. I, personally, doubt that it will be able to break above the resistance before the US Non-farm payrolls tomorrow.
The forecast for NFP is set so high compared to the last (227K against 126K) that it is almost sure to fail tomorrow
The EUR/USD fell today as a reaction of the traders and all eyes on tomorrow US data.
This pair has lost more than 150 pips today after being rejected from a fresh high of 1.1391. Currently Eur/Usd is consolidating around 1.1260 prior to NFP tomorrow, on the downside 1.1200 would be the psychological level.
Level 1.1350 was a very strong support from the end of January till the end of February - it will not give up just like that. And for support - next one is somewhere at level 1.1100
The fact that Cameron is likely to remain the Prime Minister put quite positive effect on Cable, next target would be at 1.55.
Level 1.1200 served as support now - psychological levels used
Interesting that a bad news for EU (GB elections outcome) does not have more impact on Euro price
Level 1.1200 broken. EURUSD under pressure. Lets see what will happen today
Level 1.1200 broken. EURUSD under pressure. Lets see what will happen today
That will probably be a level where the price will hold till NFP. In the case of being broken expect level1.1100 to be reached and tested