Eurusd/gbpusd - page 1843
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The EUR/USD still moving in a narrow rang for the 2nd day and no break under 1.1150 . waiting for the US Non-Farm Payrolls this week.
Bottom trading - worse kind of all
No trading day fr me
Here we go : level 1.1100 will not hold for long
EURUSD have formed a double bottom today. Now all depends on the close of the day and what will happen. If it rebounds than we might have reached the support. But if it breaks down, that would be a beginning of another rapid bearish continuation - which would front-run all the forecast (expectations were that these levels would be reached by the end of this year - the decline is much faster then expected)
Front running starts : good adp nfp data expected
Front running starts : good adp nfp data expected
Worse than expected but the 1.1100 level is in danger. Depends on ISM PMI but almost sure that the level will not hold
Time to rethink longer term bearish channel : the one month sideways did not reach the previous bearish long term channel but just relocated the price to a new short term bearish channel, and today we had a break of that short term bearish channel. We might see a small correction, but if not, the fall can be dramatic (ECB QE is a very dangerous game if it does not produce results very quickly (which is almost 100% sure) and in that case, GBP black Friday could look like a kids game compared to what can happen to euro)
Tomorrow it is all about ECB - we shall see what "surprise" Draghi prepared (except the usual "all is peaches")
The fall continues. No outlook of sop yet
Nice pair. I recommend you to trade it on London trading hours.