Eurusd/gbpusd - page 1587

 

No gap : current exchange rate 1.3537 (Bloomberg)

 

No change in usual Asian range either. Going to rest. Waiting London open

 
eurofreek:
No change in usual Asian range either. Going to rest. Waiting London open

London open just adds a bit of volatility now

FED is awaited this week

 

Level 1.3520 again. Seems like a fake attempt this time

 
eurofreek:
Level 1.3520 again. Seems like a fake attempt this time

It was a fake attempt. Someone was front running the EU CPI report and was guessing wrong this time

 
searchingFX:
It was a fake attempt. Someone was front running the EU CPI report and was guessing wrong this time

Yep

Level 1.35 will not be that easy to break

 
eurofreek:
Yep Level 1.35 will not be that easy to break

Right now it mostly depends on what FOMC statement and press conference will look like on Wednesday

 
eurofreek:
Yep Level 1.35 will not be that easy to break

Eur/usd continues to hold within a bullish structure, 1.35 seems strong to hold.

 

Yep. 1.35 seems like a strong support for now. We may expect another correction

 

This looks like a whipsaw, not a correction

Reason: