Eurusd/gbpusd - page 2094
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It is holding to 1.07. Looks like a crucial level
The pair seems stuck in the range between 1.0600-1.0800.
Friday profit taking pushing it down
The range was very tight - not a fundamental move. Monday will decide
I doubt the pair will succeed in breaking below the last low at 1.0616 before the market closes today but next week it probably will and we will see a further move to the downside towards 1.0520.
I doubt the pair will succeed in breaking below the last low at 1.0616 before the market closes today but next week it probably will and we will see a further move to the downside towards 1.0520.
I think that we shall see more of the 1.06 to 1.08 range in the coming days
All is set up for another fall
The GBPUSD may go back to its bearish trend after dropping below the 1.5200 level.
I think that we shall see more of the 1.06 to 1.08 range in the coming days
I am not so sure about that. So far the trend is very much bearish and I am not seeing any indication on any time-frame that it it's about to bounce off 1.0616.
I am not so sure about that. So far the trend is very much bearish and I am not seeing any indication on any time-frame that it it's about to bounce off 1.0616.
Just imagine what will happen when FED announces that it is not going to hike rates in December
The risk of it is going to be priced in prior to next FOMC statement
Just imagine what will happen when FED announces that it is not going to hike rates in December
Or if they start with negative rates (which can be imagined too)