Eurusd/gbpusd - page 1566

 

Waiting for US GDP news.

They are predicting a sharp fall. Don't think that there will be any surprise with unemployment claims

 

Back to sub 1.36 seems

 
eurofreek:
Back to sub 1.36 seems

We shall have to wait for pending home sales data now. 1.36 needs some strong data to be broken once for all

 

1.36 is still to strong support. Either all that ECB should/would/could do is already priced in or EURUSD is not a first choice for trading any more

 

Weekly range : 83 pips

Weekly change : 0 pips

 
eurofreek:
Weekly range : 83 pips Weekly change : 0 pips

This week was doomed to be a ranging week. I think a lot more weeks like that ahead of us (regardless of ECB or FED)

 

Level 1.36 is like a brick wall now. It is repeatedly revisited - either it will be broken or the bounce will be enormous

 
eurofreek:
Level 1.36 is like a brick wall now. It is repeatedly revisited - either it will be broken or the bounce will be enormous

We shall see. One wrong word from Draghi next week , and Euro here we go to 1.4

 
searchingFX:
We shall see. One wrong word from Draghi next week , and Euro here we go to 1.4

If Draghi fails to do anything new (no more "we are ready to act") that will be his end

 
eurofreek:
If Draghi fails to do anything new (no more "we are ready to act") that will be his end

Definitely, everyone is waiting for him to do something new.

Reason: