Eurusd/gbpusd - page 1506

 

No gap (a very small one). Current price : Bloomberg: 1.3798 (Bloomberg)

 

The bullish signals on H4 and h1 from last friday are still looking more like a pennant on the D1, the bearish trend continues;

 

They are using the "good news is a bad news" and "bad news is a good news" logic again.

Market makers pushing it to any direction they wish to

 

Side way market. Usual after big changes, but now there is no obvious direction in which this can move. Have to wait. 1.38is levels proved to be a strong support for now

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Either a heavy stop loss gave been hit, or they agreed to throw out Russia from G-8

 
eurofreek:
Either a heavy stop loss gave been hit, or they agreed to throw out Russia from G-8

No. China again. Yuan at record highs - strongest in 4 years - they are using it to diversify reserve and are buying Euro (that was Draghi mad on)

 
searchingFX:
No. China again. Yuan at record highs - strongest in 4 years - they are using it to diversify reserve and are buying Euro (that was Draghi mad on)

Makes sense. EU has no interest to have a strong Euro, and yet still they have it. US does not have a good war to boost arms exports when USD us weak and still they have a weak USD. And in the mean time China and soon India are clearing all at their paths

 

Everything is pointing in that direction. See how it became a simple flat line (they got the US traders by surprise this time)

Currency war is going on and we are going to see a lot of stuff like this in the future

 

If they can do that then they are clearly winning

Bad times for small traders

 

This thing is flatlining for the last 14 hours. It is making a kind of a record now. Only EURCHF was like that when Swiss central bank was heavily controlling the exchange rate. Who is controlling it now? Free market? Why yes

Reason: