Eurusd/gbpusd - page 2102
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Eur/Usd bearish trend remains with correction movement above 1.0600 level, immediate resistance zone located at 1.0628/30.
How do you determine support/resistance?
I don't know about csc2009, but I use Bollinger Bands to determine support and resistance levels. It's very accurate in my experience.
As for EUR/USD, it bounced off the support at 1.0560 and moved to the upside. I think it will climb towards the resistance at 1.0690 - 1.0700 at most before it falls again.
Interesting pressure up
Not expecting it to continue. More likely will be a sudden fall
Interesting pressure up Not expecting it to continue. More likely will be a sudden fall
Growing concern that Draghi will do the usual : nothing. Hence the bounce
EURUSD pressure down remains, No change in trend. Sell rallies
Trendless day today. Waiting for Yellen
Trendless day today. Waiting for Yellen
Take care. Pressure is down. It will go down
Level 1.06 is not giving up yet
The pair downside pressure remains, support level lies at 1.0558. Markets main focus is still on prospects of further easing by the ECB tomorrow.