Eurusd/gbpusd - page 2096

 

The Pound versus the Dollar is about to reach the 1.5100 level, which could act as support. In case of a retracement, the 1.5200 level could act as resistance.

 

All continues as the trend is - no changes. Support line is strictly followed

Files:
eurusd_2.png  114 kb
 

One more failed correction attempt - that was a good opportunity to short

 

EURUSD is stuck in range trading

Pause before the next big change

 
eurofreek:
One more failed correction attempt - that was a good opportunity to short

It was, now the pair back to the normal tight range.

 
csc2009:
It was, now the pair back to the normal tight range.

Every little rally is used for shorting it. This is bound to gall

 

EUR/USD formed a doji on the daily time-frame which might be a signal for a bigger move to the upside, with target around the resistance at 1.0790 - 1.0800. That doesn't necessarily mean that the bearish trend is over, of course.

 

I am not sure if the correction will have any significant change. Looks like it is already losing steam

 

The EURUSD may try to reach the 1.0700 level again, but in order to break above it, it needs really strong fundamental reasons, which are not present yet.

 
fxstrategist:
The EURUSD may try to reach the 1.0700 level again, but in order to break above it, it needs really strong fundamental reasons, which are not present yet.

Asian session is always trying the correction, and is always failing for now

So many failures can result in yet another break down

Reason: