Eurusd/gbpusd - page 1686

 

Nothing is sure now. It is in the hands of politicians where shall it go from now on and that is never a known direction

 

For now all is within expectations - resistance is holding and it is normal that we go into a ranging period after changes as big as they were. What might concern us is that the ranges are even tighter

 
searchingFX:
For now all is within expectations - resistance is holding and it is normal that we go into a ranging period after changes as big as they were. What might concern us is that the ranges are even tighter

They are again collecting positions before they make a move. Any news will be used for that

 
 
searchingFX:
Guys, just be careful. This is all political now : EU sanctions to hit Russian oil giants: sources — EU - European Union and Eurozone business news | EUbusiness.comAnything can happen

EU counting on a warm winter (and US help). They started piling gas long before the Ukraine crisis. They just "forgot" to tell us that they plan a war

 
eurofreek:
EU counting on a warm winter (and US help). They started piling gas long before the Ukraine crisis. They just "forgot" to tell us that they plan a war

For now resistance is holding, but this what is happening right now is just the first attempt today to test the resistance. Either bulls were waiting for this or there is still not enough stop losses and "news" generated for algos to make a decisive break. Currently it looks like they will stay at 1.2920 psychological level but nothing is sure today till the emergency EU meeting is not over

Files:
eurusd_10.gif  71 kb
 

Well the resistance is broken. We need a confirmation that it will stay broken

 
searchingFX:
Well the resistance is broken. We need a confirmation that it will stay broken

Yes, we have to see what will happen tomorrow, will the psychological support become resistance which should send the prices even lower or ...?

 

There has been no sign of cable recover from the gap over the weekend.

 
csc2009:
There has been no sign of cable recover from the gap over the weekend.

Triple bottom forming there. Looks like 1.61 is going to be broken on GBPUSD

Reason: