Eurusd/gbpusd - page 2111

 

Level 1.10 is not giving up easily

 
eurofreek:
Level 1.10 is not giving up easily

It will not give up just like that. Something is preparing

 

Asian session started with a contrarian trading

 

It seems gains limited to 1.1050 level, level 1.1000 is still holding so far.

 
whisperer:
It will not give up just like that. Something is preparing

Same as 8 months ago : when everybody was expecting further decline, it went into sideways

 
eurofreek:
Same as 8 months ago : when everybody was expecting further decline, it went into sideways

It might be the same. Market makers got a clear message : USD is too strong

 
whisperer:
It might be the same. Market makers got a clear message : USD is too strong

There will be no significant change before the FOMC

 

EUR/USD formed a doji candlestick on the four-hour time frame below the resistance at 1.1040 and moved to the downside, reaching 1.0900 again. If it bounces off that support it will likely head for 1.1000 again, but if it breaks below that level it will probably fall towards 1.0800.

 

Nice introduction : volatility will be something on the day of decision

 

Markets may stay quiet until the FED release, the EURUSD is still between the 1.0900 and the 1.1000.

Reason: