Eurusd/gbpusd - page 1800

 

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

 
victoriajensen:
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

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eurusd_13.gif  63 kb
 

Oil is rocking everything now

 
nbtrading:
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.

Reason: