Eurusd/gbpusd - page 1857
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Eur/usd falls in a tight range while the market waits for the FED.
EURUSD is set to go up. Bulls waiting at 1.0600 were not allowing it to go low (see EURCHF and USDCHF - SNB obviously selling dollars)
EUR/USD is testing the resistance at 1.0650 - 1.0660, but I highly doubt it will be able to break above it before the FOMC rate decision announcement. That said, I think that even if the announcement causes a movement to the upside it will be only temporary before the pairing starts falling towards parity again.
The EUR/USD broke above the resistance in the 1.0660 and reaches 1.1032 by the end of the day making more than 400 pip, great rally for today.
This was more than most were barging for. How many margin calls this time?
Price has been moved back to the regular bearics channel. Even though the change today was big, care is advised in the next couple of days (market needs time o understand what FOMC told). Still the trend is bearish, but do it with extreme caution
Tomorrow will be even more dangerous to forecast than today. Probability of a complete reversion is very high
Tomorrow will be even more dangerous to forecast than today. Probability of a complete reversion is very high
A bit more and we are going to be exactly where we were before this whole circus. We have been played again
A bit more and we are going to be exactly where we were before this whole circus. We have been played again
We have been played by HFTs. The good old times of forex are long gone
Nothing have changed
Yesterday was a fake change. Trend remains bearish (as it was for a long time - we might see increased volatility, but the overall picture is not changed)