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It seems gap has closed, we have Draghi's speech to look forward to tomorrow.
We will see about that tomorrow.
Depending on this week's fundamentals, the EURUSD may try to go higher.
We are back into ranging here
We are back into ranging here
You are right, I'm staying on the sideline now waiting for another opportunity to sell.
Although EUR/USD climbled to 1.2575 the hammer candlestick formed in the 4 hour filter chart was a clear indication that the move to the upside was only temporary. The downward trend continues and is likely headed for target 1.2330 for the moment.
eur usd break down
EURSD trading within usual daily ranges. Long term support / resistance is being tested and re-tested. Currently it is behaving as support, but the can change quickly (Draghi already started the usual "whatever it takes" verbal talking down campaign). All in all, trend remains bearish with a short term ranging period
wake me up when we get to 1.17
That is very good analysis, thank you.
EURSD trading within usual daily ranges. Long term support / resistance is being tested and re-tested. Currently it is behaving as support, but the can change quickly (Draghi already started the usual "whatever it takes" verbal talking down campaign). All in all, trend remains bearish with a short term ranging period
And again we are having a one moment to the other total loss of volume. HFTs are still here, and we are just puppets