Eurusd/gbpusd - page 2108

 
fxstrategist:
The EURUSD may just stay between the 1.0800 and the 1.1000 for a while, at least until the FED speaks.

Yes, that's the range, the pair continue moving higher above 1.09 level, but lack of significant movement before the FED.

 

Looks like an attempt to break 1.10 will be made

 

EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

 
victoriajensen:
EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.

It broke it, but let see how strong resistance level 1.10 is

 

Let's see 1.10 level would hold, next immediate resistance level is 1.1040.

 

The 1.5200 level could be a good resistance on the GBPUSD, but the pair stays strong.

 
csc2009:
Let's see 1.10 level would hold, next immediate resistance level is 1.1040.

Asian session was not convinced of Euro strength, but level 1.10 is still here

 
eurofreek:
Asian session was not convinced of Euro strength, but level 1.10 is still here

That is a normal ranging before the FED rate decision. Anything can happen at FOMC

 

The pair bounced off 1.1040 and I think the move to the downside will continue at least until it reaches the next support which is at 1.0910.

 
victoriajensen:
The pair bounced off 1.1040 and I think the move to the downside will continue at least until it reaches the next support which is at 1.0910.

It is in the bouncing zone. Bo decision yet

Reason: