Eurusd/gbpusd - page 1903
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Massive dumping of short positions. Volume is at its lowest possible. Prediction positive income of Riga Euromeeting is a pure gamble
Massive dumping of short positions. Volume is at its lowest possible. Prediction positive income of Riga Euromeeting is a pure gamble
They are not betting on positive outcome
Let me guess : now it will be "we were just kidding"
Or front running the US data (but I do not think so now)
Let me guess : now it will be "we were just kidding" Or front running the US data (but I do not think so now)
The way it is going it will break back through 1.0800
The way it is going it will break back through 1.0800
Wait some more - nothing is decided yet. Politicians are going to invent some story : expect a whipsaw
Again the same game : good news is bad news. US data much better than expected. HFTs programed to counter trend trade. bs
Again the same game : good news is bad news. US data much better than expected. HFTs programed to counter trend trade. bs
Today the only news will be if Greece bends. All the rest is irelevant
Long term bearish resistance gave up today, if it is going to stay like that depends largely on the Euromeeting today. So far there are no signs that any agreement will be reached. On Monday we shall know more, but if the political situation stays as is, selling Euro is an option
Nice sustainable rally for the GBPUSD, attention to the 1.5200 which could become a good resistance.
It looks like the Eurogroup meeting today finally provoked some much needed volatility on the market because EUR/USD finally broke above the resistance at 1.0800. I think it's very possible to see it reach 1.1000 next week.