Eurusd/gbpusd - page 1970
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Level 1.1000 holding. Does not look like Euro will fall lower. More likely that it will bounce back like crazy
It is clear that the gap is going to be closed. Carry trades doing their best
A lot of traders have been fooled with news and gap
If you are wondering why did it jump up, no need to look further. SNB again.
SNB's Jordan says they have intervened in forex market
So much about forex market that can not be manipulated and it explains a lot why Euro was going up even though there were no fundamental reasons for that. SNB (among others that still did not come open) again killing retail traders. For how much did they sell the information of intervention for this time?
If you are wondering why did it jump up, no need to look further. SNB again.
SNB's Jordan says they have intervened in forex market
So much about forex market that can not be manipulated and it explains a lot why Euro was going up even though there were no fundamental reasons for that. SNB (among others that still did not come open) again killing retail traders. For how much did they sell the information of intervention for this time?They all are doing the same. Telling one thing and doing another. Only in this case it is only SNB that admitted what they are doing
If you are wondering why did it jump up, no need to look further. SNB again.
SNB's Jordan says they have intervened in forex market
So much about forex market that can not be manipulated and it explains a lot why Euro was going up even though there were no fundamental reasons for that. SNB (among others that still did not come open) again killing retail traders. For how much did they sell the information of intervention for this time?There will be much more intervention (including ECB and FED). I would not count on any significant change - keeping the TA analysis as is for now. Support held at exactly the long term support level
There will be much more intervention (including ECB and FED). I would not count on any significant change - keeping the TA analysis as is for now. Support held at exactly the long term support level
They started with lying as interventions : Juncker is lying big time - as if he is payed for being a liar
They started with lying as interventions : Juncker is lying big time - as if he is payed for being a liar
..."EU President Jean-Cleaude "when it's serious you have to lie" Juncker" ... says it all ...
Jean-Claude Juncker profile: 'When it becomes serious, you have to lie' - Telegraph
EUR/USD opened with a large gap but managed to recover it and continued climbing even after it recovered the gap towards the resistance at 1.1250, which coincides with the MA(89) on the four-hour filter chart. Should it break above that level it will probably reach 1.1300.
Great rally today for the EUR/USD, 300 pip not bad at all. Let us see tomorrow if the pair going to continue climbing to the next resistance level at 1.1350.
This was a pure display that forex market can be manipulated any way they want it. Does not matter what were the reasons - what matters is that they did it and that they broke the rule No.1 that they are parroting about for years and years : that the market regulates itself.
And if they intervene on a mere 200 pips change, who can guarantee that they are not fixing the rates in order to make some "pocket money"?