Eurusd/gbpusd - page 1725
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It looks like correction has begun for EUR/USD - it's currently trading at 1.2770 with a likely target at 1.2800, perhaps even 1.2900 later on. The question is whether the bearish trend is exhausted and this is a reversal or not.
If it stays at these prices, it sure looks like a pin bar being formed. Then we shall have an interesting Friday
Some US data and Draghi speaking ahead of us today. We can yet have some surprises today (if Draghi starts the same talk like FED)
What a nice whipsaw
They pushed it right back where it all started yesterday, and no they can push it back up again
What a nice whipsaw
That is normal : not only that major resistance (1.2750) held, but the minr is holding against the close for now. Expect 1.2750 revisited (I would be surprised if it went straight back now). What we should take care is the fact that the volatility is now enormous. One false trade and problems can happen. Adjust trading to volatile markets (no more 40-50 pips ranging)
Well, at least the last couple of hours are familiar
couple of pips range for Asian session start is back. Now I am curious in what direction will the profit taking tomorrow go
The GBPUSD goes back down after the Bank of England's report. Lets see how far it may keep correcting the pair.
Looks like that is not a result of BOE decision but of Dollar leaving the correction path. Too much expectations were tied to FED rate hikes, and when they were told exactly what they expected - that the rate hikes are going to happen at the time estimated - the market reaction was the opposite. As if they were disaponted that they were right
And don't forget : QE is ending. VE is starting. We are seeing VE at work (or, better to say "a pack of lies coming from FED about what are they intending to do to force banksters to give to the small money owners what they must") and we are going to see a lot of things like these. They must hide that they have no intention to give back something to small people as a reward for not being fools. They prefer fools ...
All as usual. Resistances are still holding. It will need more to mark a trend change. I don't think that it will happen today, but one never knows. In any case today is going to tell us more
Just some FOMC speeches today. Guess we are going to see "verbal easing" (the VE) today again