Eurusd/gbpusd - page 2007

 

Back to daily open. It will not move from there before the news

 

It's Crazy Market Or I am Crazy ))

 

EURUSD

Down From Level 1.09554

 

The whipsaw was so predictable

I hope that nobody believed that it will be a NFP without a whipsaw

 

Unfortunately not even the US Non-farm payrolls could end the EUR/USD consolidation. There was a lot of volatility but ultimately range continues. Right now the pair is testing the resistance at 1.0970, but today is Friday, so even if it breaks above it I doubt it'll reach the next resistance around 1.1070 before next week.

 

Seems that the EUR/USD going to close this week closer to the opening point under the 1.1070 resistance, and the bearish trend won't last longer.

 
Abdul2012:
Seems that the EUR/USD going to close this week closer to the opening point under the 1.1070 resistance, and the bearish trend won't last longer.

Seems like that

 

FED is not going to allow too dtrong dollar. Period

 

EURUSD

Longer Trend Down From Now Level To 1.07700

Good Luck & Good Week

 

GBP/USD finally broke below the support at 1.5500 and will probably continue falling towards the next level of support which is around 1.5370.

Reason: