Eurusd/gbpusd - page 1867

 

The EUR/USD 3rd day consolidation under the 1.1000 resistant and i see that the pair will keep on trying this week.

 
eurofreek:
Let me guess : next support at 1.0600

Wait till the 1.0900 get broken - it was a strong support for some time - just a range got a little wild today

 
searchingFX:
Wait till the 1.0900 get broken - it was a strong support for some time - just a range got a little wild today

So far it looks so. But something is different - this might be a pause before the correction continuation

 

After almost 200 pips down from 1.1050 to as low as 1.0855 today, the Eur/Usd eventually found some buying interest. To the upside, we can find the resistance level at 1.0900.

 
csc2009:
After almost 200 pips down from 1.1050 to as low as 1.0855 today, the Eur/Usd eventually found some buying interest. To the upside, we can find the resistance level at 1.0900.

To the downside, a further push below 1.08 level will lead to further losses.

 

With this tight range it is obvious that the market is waiting Yellen. That will be some trading week end

 

Friday profit collecting started. This is not going back

 

This at least clarifies : 1.09000 as support is forgotten

 
nbtrading:
Friday profit collecting started. This is not going back

US GDP and Yellen speaking today. A lot more can happen during the day today

 
searchingFX:
US GDP and Yellen speaking today. A lot more can happen during the day today

That's true, let's see is the upward correction over.

Reason: