Eurusd/gbpusd - page 1538

 

Finally we are the beginning of summer trading. Low volumes and condensed moves should be expected on the markets. It's also that time to short the indices

 

This is probably the worst day for EURUSD traders in this year. Disaster

 

Is anybody trading EURUSD today at all? Seems like even the machines are turned off - no HFT trading either

 

EURUSD will go for 1.39 today

 
eurofreek:
EURUSD will go for 1.39 today

I don't think that it will happen today, but it will happen soon

 
searchingFX:
I don't think that it will happen today, but it will happen soon

It looks like you are right. This is not going anywhere out of the 20 pip range

 

Good point, I'll be watching.

 

If this Asian session goes beyond 10 pips that will be a miracle, The way it started it will stay within 5 pips

 
searchingFX:
I don't think that it will happen today, but it will happen soon

I agree, let's see.

 

More consolidation on the GBPUSD just below the 1.6900 level. We can see something like a bullish pennant, therefore there is a good probability of a breakout to the upside, but the pair is definetely over-bought and ready for a correction at any moment.

Reason: