Eurusd/gbpusd - page 1937

 

That will be a deciding level

 

30 pips down in a couple of minutes - somebody lost patience or a cluster of stop losses hit

 
searchingFX:
Probably, but the volume is so low tnat all the trading should be extremely careful (and with sl)

Definitely, it might be easy for this pair to achieve further downside levels with so many traders now on the sidelines.

 

So far - nothing

Nobody willing to risk

 
eurofreek:
So far - nothing Nobody willing to risk

For a day like this, these 50 pips are very big change/range

This is a start of a serious testing of level 1.10

 

nice pullback on the GBPUSD below the 1.5500 level, price may continue lower during this week.

 

EURUSD will going to test long term suppot

That will tell us more

Files:
eurusd.gif  61 kb
 
searchingFX:
EURUSD will going to test long term suppot That will tell us more

In a day like this not even HFTs working. They know that there is no volume or liquidity at all. Tomorrow expect a change

 

EUR/USD is currently testing the support at 1.0950. I think it will likely break below that level and continue descending in the following days. Next target is probably 1.0800, but the pair might descend lower than that.

 

The EUR/USD played it safe above the support level but what i see that we will be more descending if the US data for this week come out with a positive results.

Reason: