Eurusd/gbpusd - page 2102

 

Eur/Usd bearish trend remains with correction movement above 1.0600 level, immediate resistance zone located at 1.0628/30.

 

How do you determine support/resistance?

 

I don't know about csc2009, but I use Bollinger Bands to determine support and resistance levels. It's very accurate in my experience.

As for EUR/USD, it bounced off the support at 1.0560 and moved to the upside. I think it will climb towards the resistance at 1.0690 - 1.0700 at most before it falls again.

 

Interesting pressure up

Not expecting it to continue. More likely will be a sudden fall

 
searchingFX:
Interesting pressure up Not expecting it to continue. More likely will be a sudden fall

Growing concern that Draghi will do the usual : nothing. Hence the bounce

 

EURUSD pressure down remains, No change in trend. Sell rallies

Files:
eurusd_8.png  115 kb
 

Trendless day today. Waiting for Yellen

 
eurofreek:
Trendless day today. Waiting for Yellen

Take care. Pressure is down. It will go down

 

Level 1.06 is not giving up yet

 

The pair downside pressure remains, support level lies at 1.0558. Markets main focus is still on prospects of further easing by the ECB tomorrow.