Eurusd/gbpusd - page 2077

 
eurofreek:
EURUSD not moving from that open price

It goes up slowly - the gap is almost closed

 
searchingFX:
It goes up slowly - the gap is almost closed

It is drifting into ranging again : London session to decide

 
eurofreek:
It is drifting into ranging again : London session to decide

Level 1.1000 is a temporary support. It could be THE level that decides

 
searchingFX:
Level 1.1000 is a temporary support. It could be THE level that decides

We are back to ranging - this thing is not going anywhere

FOMC statement this week. All will be decided by that

 
eurofreek:

We are back to ranging - this thing is not going anywhere

FOMC statement this week. All will be decided by that

The usual : and keep in mind that statistically 4th week of October is the slowest trading week in a year

 
searchingFX:
The usual : and keep in mind that statistically 4th week of October is the slowest trading week in a year

Combined with pre-FOMC week and we get what we see

 
searchingFX:
The usual : and keep in mind that statistically 4th week of October is the slowest trading week in a year

I will keep that in mind. Eur/Usd seems made minor recovery from the strong negative tone. Immediate resistance level located at 1.1055 and follow by 1.1088.

 

The GBPUSD found a good support at the 1.5300 zone, but the 1.5400 may act as a good resistance.

 

EURUSD is in a no mans land. New trend is not formed yet. Level 1.100 is temporarily serving as a support (as it has been in a long term too - it is a strong psychological level). We can count on some ranging trading days before some conclusive trend is formed

Files:
eurusd_4.png  113 kb
 

Heavy ranging again - we have to wait for FOMC

Reason: