Eurusd/gbpusd - page 2059

 

It is still ranging - wait for US data

 
searchingFX:
It is still ranging - wait for US data

This is a 100% dead cat bouncing today. Market is scared to move in any direction. If ISM does not move it then only NFP is left

 

I think it may fall towards 1.1100 or even 1.1080 before the NFP.

 
victoriajensen:
I think it may fall towards 1.1100 or even 1.1080 before the NFP.

It is classical tight range trading now

Nothing significant have changed : the break bellow the support is just a "break". We have to wait NFP and to see how that will be priced in

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It is the quite before the storm for the EUR/USD where today the traders waiting for tomorrow news.

 

Guys, tonight is Draghi speech (one more)

This Asian session can be different

 
Abdul2012:
It is the quite before the storm for the EUR/USD where today the traders waiting for tomorrow news.

Definitely, the pair is consolidating near 1.1200 level ahead of the release of NFP on Friday, we just have to wait-and-see.

 
eurofreek:
Guys, tonight is Draghi speech (one more) This Asian session can be different

The market does not care about Draghi

 
eurofreek:
The market does not care about Draghi

This is developing into typical pre NFP day : mild retracement (just in case) and then it will start

Expect huge volatility today - a possible whipsaw

 
searchingFX:
This is developing into typical pre NFP day : mild retracement (just in case) and then it will start Expect huge volatility today - a possible whipsaw

Whipsaw almost guaranteed. This will be an interesting day