Eurusd/gbpusd - page 2158
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Level 1.110 is a daily open and it will remain a daily close too. All will depend on FOMC but be prepared for another whipsaw
Last week’s rally on the EURUSD has changed the direction of the MACD to the upside, but the retracement of recent days is weakening the bullish trend.
Longer term support resistance is being heavily tested. It is not decided yet what is it going to be like in the next couple of days. Today will be a big deciding part. Watch for level 1.110
Indeed, the pair has been consolidating all day. I think the consolidation will continue until the FOMC statement on Wednesday, even if it breaks below 1.1100.
And it will stay like that today too : at least before the FOMC
Eur/Usd extended its negative trend towards next support level around 1.1065/40 zone ahead of the Fed although building permits worse than expected result.
EUR/USD will probably reach 1.1020, but we still have to wait and see what effect Fed will have on the market later today.
FED did what they were aiming for : weaker USD. It was obvious from the ECB press that FED will continue in the same line
FED did what they were aiming for : weaker USD. It was obvious from the ECB press that FED will continue in the same line
Fed keeps rates unchanged are expected, Eur/Usd broke above 1.1200 handle after dollar has weakened, if the pair can stay above the handle, we might be looking at 1.13 level.
The EURUSD keeps its bullish momentum and it seems like it wants to visit the 1.1300. Above the 1.1300, the 1.1400 may act as resistance.
Fed keeps rates unchanged are expected, Eur/Usd broke above 1.1200 handle after dollar has weakened, if the pair can stay above the handle, we might be looking at 1.13 level.
Level 1.13 already broken. So much about the EURUSD parity