Eurusd/gbpusd - page 1784

 

No gap : EURUSD 1.2223 (Bloomberg rates)

 
nbtrading:
I think we shall see very choppy ranging market in the rest of the trading days for this year

I think so too, trade with caution.

 

All within expectations : support is holding, bearish trend continues. With a thin volume we might expect some sudden changes, but not too much (risk aversion during holidays is a known thing)

Files:
eurusd_10.gif  66 kb
 

The big news is Rouble not Euro (rouble is under 60 after being over 80 just a couple of days ago). The currency war has shifted

 

Strategy for upcoming week for EurUsd pair:

 

This thing is deep in holiday trading = no volume + no volatility (algos turned off too). No trading time (this is time when brokers are going to do the stop loss hunting like crazy)

 
NicoleFX:
Strategy for upcoming week for EurUsd pair:

great analysis, thank you.

 

People must have started celebrating the winter holidays already because the market is asleep.

 

The GBPUSD has found a good support on the 1.5600 level. A break down of that level could accelerate the downward momentum.

 

The usual stuff : back to open. Lo liquidity in the market at all. What the few algos that are still working before the holidays could push up, they took back (algos keep no prisoners - no profit is left to anybody else )

Reason: