Eurusd/gbpusd - page 2173

 

Unsurprisingly today's fundamentals provoked one big whipsaw, EUR/USD is back where it started at 1.1290 and testing the support at 1.1270. If it breaks below it the pair would likely reach 1.1200, but consolidation continues.

 
whisperer:
Never underestimate a good whipsaw

This one was epic. Tomorrow back to ranging

 
eurofreek:
So much about bearish trend talks. Looks like EURUSD is following your channel

I think the other way around : that my chart is following the trend Today another test of secondary bullish channel support. We shall see the next week what happens

Files:
 
searchingFX:

I think the other way around : that my chart is following the trend Today another test of secondary bullish channel support. We shall see the next week what happens

Yeah. Today it is a dead day - no volume at all

 

EUR/USD is currently testing the support at 1.1240 and it will likely break below it and reach 1.1200 soon. Next week we'll probably see it move below 1.1200.

 
eurofreek:
Yeah. Today it is a dead day - no volume at all

It took a significant dive though. Monday will show more

 
searchingFX:
It took a significant dive though. Monday will show more

Profit taking?

 
eurofreek:
Profit taking?

Seems like it. London session waiting - Asian session is contrarian, as usual

 

No trend change yet. Support is tested as wee speak. Next few days will show us the future trend development

Files:
 

Expecting revisit to level 1.1250 before entering long on EURUSD. Initial stop at 1.1200, after that, trailing stop