Eurusd/gbpusd - page 1582

 
searchingFX:
This was a first attempt - now waiting for the second attempt to get to 1.35

Now the second attempt, shall we wait for the 3rd attempt?

 
csc2009:
Now the second attempt, shall we wait for the 3rd attempt?

I guess we just have to wait to see whether 1.35 level will be tested again?

 
csc2009:
Now the second attempt, shall we wait for the 3rd attempt?

Watching the daily chart it looks like a minor correction coming and only then a third attempt may happen. By all means, it is a strong bearish trend for now - don't be fooled by this intraday ranging that looks like nothing is happening

 

Same game as with level 1.36 : first there was a cluster of buys at 1.362. Then at 1.36. Then at 1.358

Same thing now with level 1.35

 

So we are looking into a couple of corrections?

 

Another down day for the EURUSD, but lets not forget that on the weekly chart the uptrend on this pair is still intact. Therefore, we could see a bullish correction from the 1.3500 level.

 
fxstrategist:
Another down day for the EURUSD, but lets not forget that on the weekly chart the uptrend on this pair is still intact. Therefore, we could see a bullish correction from the 1.3500 level.

That looks like a very probable scenario

 
searchingFX:
That looks like a very probable scenario

Almost sure

China is not going to let the opportunity to buy Euro go by

 

One more ranging session - 13 pips

Make me wonder if anybody is trading EURUSD at all

 
eurofreek:
One more ranging session - 13 pips Make me wonder if anybody is trading EURUSD at all

They are (as you see). But the volume is so thin that a couple of traders working together can move the market

Reason: