Eurusd/gbpusd - page 1606

 

Eur/usd is almost hitting 1.3700 today, I think we can sense a direction now.

 

The GBPUSD has broken above the 1.7100 level, but we still need to see confirmation of such breakout, before attempting a long entry.

 

Greetings,

Eur/Usd pair has now entered to the Mid-Term Flat.

And it is facing a "Moment of True" at the moment.

UP - "New FZR" - and prolongation of Long-Term Trend

Down - FZR - and start a new Long Term Trend down.

Best regards,

NicoleFX

 

GBP/USD

As mentioned before - as long as MF protective pivots are not broken - trend up will proceed.

Now we have a "New Reference Point MF". And also a New protective MF pivot (please see picture)

 

Guys, I just realise that the ECB and the NFP is on the same day, 4th of July is Independence day.

 

Small correction before an attempt to break 1.37. Draghi will have to invent something big to prevent what is going on with Euro

 
searchingFX:
Small correction before an attempt to break 1.37. Draghi will have to invent something big to prevent what is going on with Euro

German unemployment change will be used for a break attempt

 

This is the first attempt

There will be some more during the day

 

Guys, check the swaps

Swaps for long are now worse than for short. Majority is going long

 
eurofreek:
Guys, check the swaps Swaps for long are now worse than for short. Majority is going long

Yes, but also 19 pips range so far. So : how many traders are taking long positions. The volume is so small that it can be neglected

Reason: