Eurusd/gbpusd - page 1706

[joe blogs]

both the GBP and Euro are at some fairly hefty support where they ve bounced from many times

the Dollar also at resistance

Gold and Oil also at Support

but Dow almost at resistance

so someone is going to be wrong somewhere

to be honest though it ain't so hard, except for the waiting

just wait for the trend to confirm its up or not, and nothing to loose apart from a bag full of pips either way

people seem to like trying to catch the falling knife though, it must be an ego thing

or Greed

[juan de dios]

Nothing unusual for now. Short term support is holding. If it continues like this (the down move) soon we are going to reach the major obstacle : level 1.275 was a support levels from September 2012 to August 2013 and it is a major support. The difference is big : at that time ECB did not want Euro weaker. Now it wants it weaker. The big question is will the others allow it and will the market maker just let it through that support

Soon we shall discover. Some interesting times ahead of us

[abdulaziz]

That is great analysis , thank you.

[Peeter Woolf]

This I agree, some interesting time ahead of us, I want to see how far the euro would go down.

[Alexander Londono]

The GBPUSD may go back to its bullish trend if the Bank of England signals a possible rate hike.

[eurofreek]

Back to hyper tight ranges - again the same old Asian sessions

[myname]

eurofreek:
Back to hyper tight ranges - again the same old Asian sessions

Same old squeezing before a major move. All as usual

[juan de dios]

nbtrading:
Same old squeezing before a major move. All as usual

Japan is out of market - hence the low range in Asian session

But it looks like it will be ranging today - unless some major surprise happens

[myname]

Correction started?

Chances are that it is - lack of major US news for the next two days

[eurofreek]

nbtrading:
Correction started? Chances are that it is - lack of major US news for the next two days

Reaction to US bombing