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The EUR/USD slided down from 1.0935 to 1.0807 and still above this level at the moment. so when we can see serious movement?
Tomorrow we have FOMC minutes, that probably would further the decline.
Despite improving numbers from the Markit Service PMI, Eur/Usd has fallen more than 200 pips yesterday testing 1.0800 level, 1.0800 become a strong support level so far.
Despite improving numbers from the Markit Service PMI, Eur/Usd has fallen more than 200 pips yesterday testing 1.0800 level, 1.0800 become a strong support level so far.
And with speeches so far not supporting a quick rate hike, anything can happen today
Resistance of the long term bearish channel is tested - today we might have some interesting times. In the case that the resistance does not hold, next resistance is at 1.1250 levels
I did not enter this morning - sure as hell will not enter now
This is going to be a hell
They are going to wait for FOMC minutes at the middle of the day range - no volume left in the market
They are going to wait for FOMC minutes at the middle of the day range - no volume left in the market
There is no consensus among the market makers about the future direction any more - a lot of things can happen now
Now we are going to see a nice whipsaw back to 1.0860 to 1.0870 levels before this break down
Now we are going to see a nice whipsaw back to 1.0860 to 1.0870 levels before this break down
Quite possible
Even higher values possible - but the opposite is possible too - Dudley did nit talk just to talk - that was a hint
The EUR/USD bounce from the 1.0800 level during the day and back again to it, And i dont think that we gonna see 1.1000 level soon.