Eurusd/gbpusd - page 1850
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EUR/USD reached and broke below 1.0600 without even slowing down. The bearish trend is as strong as ever and I am starting to suspect the pair won't stop falling even when it reaches 1.0000.
The way it is falling, it will reach 1.0000 next week
Currently the pair at 1.0554 after it fell to 1.0511 from 1.0717 after opening at a price of 1.0707, the pair likely in the future heading to 1.000.
I agree, there is no end in sight yet.
If it starts looking like S&P then we are into a long wait till this starts resembling to a reasonable thing. Right now it is mindless fall
Finally starts to look like market and not like waterfall
Still dangerous to trade
First 1.0500 started to behave like support. Now 1.0600 behaves like resistance. We shall have to wait for US data to see what will happen after that
First 1.0500 started to behave like support. Now 1.0600 behaves like resistance. We shall have to wait for US data to see what will happen after that
Front runner again
They are expecting worse that expected unemployment data
Front runner again
That is normal stop loss hunting and profit taking before the US news. All as usual
Algos were programed for worse than expected unemployment. Only now they are correcting
Algos were programed for worse than expected unemployment. Only now they are correcting
Here they are : whipsaw 101. It was so obvious after the first rise
EUR/USD finally moved to the upside after forming a doji candlestick in the four-hour filter chart. That said, I think the move to the upside is only the beginning of a new consolidation before the pair continues on its way down to parity, as there are no indications so far that the bearish trend is over. In my opinion the consolidation will reach target 1.0800 - 1.0820.