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Monday the EUR/USD is traded higher (daily chart), but the volume was down and the action light.
Everyone is waiting for Fed announcement later this week along with U.S. GDP and Non-Farm Payrolls data.
The dollar traded unchanged against its G10 peers during Tuesday
First attempt to break 1.34
Today it will be broken
First attempt to break 1.34 Today it will be broken
The are doing it already
GDP data is sure to be better than last time
The are doing it already GDP data is sure to be better than last time
I agree - looks like it has already been decided what will happen to EURUSD now - it is not even close to resistance. Traders are not preparing for surprises this time
I don't know
It all looks like a preparation for either giant whipsaw or for a fall like a rock down
EUR / USD fell below 1.3400 during European morning for the first time since November 13, before leaving the German preliminary CPI for July and expectations of strong U.S. data to be released later in the day.
Interesting : the FOMC statement is considered today as more important that rates. But it is not funny. All is twisted and inverted
I don't know It all looks like a preparation for either giant whipsaw or for a fall like a rock down
Fall like a rock down so fall, and there are more coming, let's see.
Man, a good old whipsaw
FED does not want to stop the QE
:):)