Eurusd/gbpusd - page 2089

 

EURUSD remains directionless. I doubt that it will stay so for long

 
eurofreek:
EURUSD remains directionless. I doubt that it will stay so for long

At a moment level 1.07 is a strong support. I am expecting some more correction

 

One more failed attempt to break 1.07 level - despite Draghi talking the Euro down

 

Draghi's impact close to nothing. FED members talking today (including Yellen). Probably that will bring some more light

 
eurofreek:
One more failed attempt to break 1.07 level - despite Draghi talking the Euro down

Very true, for a very brief moment Eur/Usd dipped below 1.07 level, but the strong support is still holding.

 

Not only did the pair fail to break below 1.0700 but it bounced off the support and reached 1.0807 breaking above the resistance at 1.0780. It's possible it will continue climbing until it reaches the next resistance at 1.0910.

 

Tomorrow´s Retail Sales and Consumer Sentiment from the United States could determine if the EURUSD breaks above the 1.0800 or below the 1.0700 level.

 
fxstrategist:
Tomorrow´s Retail Sales and Consumer Sentiment from the United States could determine if the EURUSD breaks above the 1.0800 or below the 1.0700 level.

It broke above 1.08 level. The question is : will it remain there?

 
eurofreek:
It broke above 1.08 level. The question is : will it remain there?

It short lived

 
searchingFX:
It short lived

Seems to be continuing to range around that level

Reason: