Eurusd/gbpusd - page 1945
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The EURUSD remains weak, but with a good support at the 1.0900 level.
No deal on Greece I assume
Now let see what rumor will be "leaked" first today as an attempt to move the market
It is starting - but it looks like the market is going to be disappointed this time
The long term bearish channel support is holding. Although we are probably in a heavily sideways (ranging) market, expect some attempts to push Euro up (estimation of most of traders is that Greece will fold in the end - that could mean a massive up change)
It will go up for some time. And then back again - the usual summer lull
It will go up for some time. And then back again - the usual summer lull
If Greeks accept the terms and FED does not hike rates very soon, then I would not bet that Euro will go back. FED is playing the "we are observing" game for too long
If Greeks accept the terms and FED does not hike rates very soon, then I would not bet that Euro will go back. FED is playing the "we are observing" game for too long
Apparently, they (Greece and creditors) are closer to the deal. Expect a huge up bounce if it is so
Apparently, they (Greece and creditors) are closer to the deal. Expect a huge up bounce if it is so
Bounce it is, targeting 1.105.
Be very careful : tonight is one of the crucial moments about Greece. In a case they get a deal done, do not be surprised to see Euro at 1.11 to 1.12. Anybody having opened positions on EURUSD is advised to close them - it can remind what happened with SNB decision
So far so good, Except that I expected it to happen during the night. Oh well, a couple of hour later we have it
EUR/USD broke above the resistance at 1.1007 and climed over 150 pips today. The pair is likely headed for target 1.1440 to test the resistance at that level.