Eurusd/gbpusd - page 1999
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EUR/USD bearish today affected by the strong US dollar but bounce up from the 1.0980 level by the end of the day.
Oh well, tomorrow we shall be back to where we were today
That would be a usual post FOMC day
Long term bearish channel held.
The interesting is that in the last 2 months EURUSD is following that bearish channel to the pip - support and resistance are holding perfectly. If it continues like this, the only chance that it is broken will be a possible FED rate hike in September.
On the contrarian note : some ECN brokers are giving positive commission for short EURUSD positions. It usually means that the longs are taking over (volume wise) and that brokers are prediction a move up for EURUSD
Market makers are slowly changing the trend
Market makers are slowly changing the trend
Not yet. For now they are happy with ranging - it takes out more traders than a trend
I Think The EUR USD Up To Level 1# 1.10095
Level 2# 1.10218
Level 3# 1.10594
Level 4# &(Last) 1.10757
Not yet. For now they are happy with ranging - it takes out more traders than a trend
You are probably right - this a range trap 101
EUR/USD finally broke below the support at 1.0980 visible on the daily filter chart. The pair will likely continue descending towards the previous low at 1.0800.
The US dollar remained high by the end of the day, expecting more bearish tomorrow too.
One more Asian trading session