Eurusd/gbpusd - page 1812

 
eurofreek:
No more gap The gap is filled

Yep

Looks like the momentum is lost

 
nbtrading:
Yep Looks like the momentum is lost

We have been looking for volatility. Now when we got it, it seems like a very dangerous zone

 

With Greek leftists making a a coalition with Greek right wing, Greek election will have no impact at all to Euro rate

 

The EUR/USD chart opened with a small gap after the elections in Greece on Sunday which the pair quickly recovered and it appears to be consolidating again. I think the bearish trend isn't over yet and next target is likely 1.1000.

 

Bearish trend is not over, but it seems that we are facing a correction (finally)

 
searchingFX:
Bearish trend is not over, but it seems that we are facing a correction (finally)

Look like it does not have an intention to stop

 

I think that the pair will break throw the 1.10 soon and heading to 1.08 too.

 

It will but wait for the FED. All sorts of nasty surprises can happen

 
searchingFX:
Bearish trend is not over, but it seems that we are facing a correction (finally)

I agree, we can see some kind of corrective bounce in the euro, but the bounce would not alter euro long term bearish trend.

 

I'm not sure yesterday's correction movement suggesting bears taking a break, the euro could still drop to below 1.100 soon enough.

Reason: