EUR/USD range has continued for several days now and it looks like we might have to wait a bit more before it becomes clear whether it will start descending again or not. As I see it, it either has to break above the resistance at 1.2750 – 1.2760 so it can reach its target around 1.2850 or it has to break below the support at 1.2500 so it can continue its descent to the long-term target around 1.2000.
Tomorrow we shall have another news day : Draghi speaks again, a whole load of US data ... tomorrow it will be clearer
Great so it's better to wait for tomorrow news, and keep an eye on it. Thank you.
That looks like insider knowledge.
Judging from previous 8-9 trading days, tomorrow we are looking into 1.270 revisited again
3 FED governors are asking for new QE This is going to be an interesting end of the year
It did not take them long - QE3 still is not finished and they are talking about QE4. Man, it will never end
Eur/usd looks very shaking up at the moment, bullish, bearish and bullish again, but fundamentally I'm still in favour of bears.
It is still bearish, but right now the volatility is blown out of it. Waiting for algos to step in to see market makers intentions
Major resistance 1.2750 held. Now it looks like the formation for the double bottom is starting to form. If it is so, we should see level 1.2500 revisited in the next couple of days. But with the lack of major news it might take more time to see that. In all cases - chances that we are in a ranging period are growing
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