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EUR/USD consolidation continued today too. The pair tested the support at 1.1750 but couldn't break below it and bounced back. I wonder how long the consolidation is going to last this time.
Euro is on a way to a free fall
EUR/USD consolidation continued today too. The pair tested the support at 1.1750 but couldn't break below it and bounced back. I wonder how long the consolidation is going to last this time.
Look like the Eurozone were encouraged to abandon Greece to save the EUR
Some people still waiting that the gap from last Monday is going to be closed
Long term support still holding - we are entering 6th day that it can not be broken. Trend still bearish, but with caution
Oil is rocking everything now
Oil is rocking everything now
That but more important was that the court decided that ECB can buy bonds. That means that Germans can not stop it at their will
Whipsaw in forming. If it stays bellow 1.18 all hell can break
Just a normal long term support testing with mild bearish trend continuation. We need to wait ECB for more
EUR/USD did make a new low today after breaking below the support at 1.1750, but bounced back immediately afterwards. It looks like range continues and we will have to wait a bit more before the bearish trend continues on its way down.